Market Chatter: DeepSeek V4 Sparks Rush for Huawei's Ascend 950 AI Chips

MT Newswires Live

04/30

ByteDance, Tencent (HKG:0700), Alibaba (HKG:9988) and other big Chinese firms are rushing to place orders for Huawei's Ascend 950 AI chips, Reuters reported Wednesday, citing people familiar with the matter.

The surge in demand followed the release of DeepSeek's V4 artificial intelligence model that runs on said Huawei chips, according to the report.

Sources said companies specializing in cloud computing and graphics processing unit rental services are also looking to secure orders, according to Reuters.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"productRelease","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}