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Baidu says sees limited impact from U.S. chip curbs after Q3 revenue beat, ET Telecom

Baidu: However, Li said the U.S. sanctions on exports of advanced AI chips to China made by the likes of Nvidia would impact overall AI development in China and predicted that the shortage could prompt a consolidation of LLMs in the country. Li said last week China had over 230 LLMs.
United States Robin Li Yelin Mo Yuvraj Malik International Monetary Fund American Depositary Share

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