July 19 (Reuters) - Nvidia (NVDA.O), opens new tab has told its Chinese customers it has limited supplies of H20 chips, the most powerful AI chip it had been allowed to sell to China under U.S. export restrictions, and that it doesn't plan to restart ...

At the Beijing Expo, Jensen Huang also announced plans for a new chip for Chinese clients that is designed for robotics and smart factories.

China's top leadership has recently pledged to curb "involutionary" competition amid intense price wars in the country.

Embracing the controversial technology might help retailer Pop Mart adapt the fad before it fizzles, but the cultural consequences in the U.S. could be dire.

The US has given chipmakers like Nvidia and AMD the opportunity to sell their chips to China again. Derrick Irwin, portfolio manager at Allspring Global Investments, says the US may have retain some dominance,

But the fact that America or China will win this contest should not turn other countries into mere spectators. Even more important for their economies and societies is the other AI race, the one for “everyday AI ”: the deployment and diffusion of the technology across the whole of the nation.

China has invested billions into its artificial intelligence ambitions, aiming to be a leader in the global tech landscape. At the Beyond Expo in Macao, CNN’s Kristie Lu Stout explores the country’s latest breakthroughs and its growing influence in the world of AI.

China’s free-for-all AI models, developed by firms like DeepSeek and Alibaba, present a viable alternative to US closed-source systems.