Baidu Stock Drops Amid AI Military Use Reports; China Military's Alleged Nvidia Chip Purchases Prompt Export Concerns
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Baidu's stock dropped 12% due to reports its AI platform was used by the Chinese military for research. Baidu claims it did not collaborate with or provide services to the researchers.
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There are separate claims that Chinese military agencies purchased Nvidia's A100 and H100 GPUs despite US export bans, through unknown China-based suppliers.
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The Chinese organizations said to have obtained Nvidia GPUs include elite universities and institutes linked to the military.
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Nvidia says it complies with export laws and will take action if unlawful resales occur. This may lead to stricter crackdowns on Nvidia's sales to China.
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The developments fuel concerns that advanced AI and chips from US companies are being utilized to advance Chinese military capabilities.