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Chinese companies are increasingly allocating AI accelerator budgets to domestic suppliers like Huawei and Hygon, reducing reliance on Nvidia amid US-China tensions. A Bloomberg survey shows 46% of spending will go to domestic products in the next year, up from 30%.
Meituan released LongCat-2.0, a 1.6 trillion parameter AI model trained entirely on domestic Chinese chips, claiming it matches or exceeds leading proprietary models on coding and agent benchmarks.