Chinese AI Euphoria Masks Long-Term Technological Challenges
From Moore Threads to Cambricon Technologies Corp. and MetaX, the market is celebrating a coterie of once-unknown names that now harbor bold ambitions to take on Nvidia Corp. — at least at home. Major players like Alibaba Group Holding Ltd. and Baidu Inc. are making headway into the semiconductors that underpin AI development — one of Beijing’s top priorities.