#454 Chinese Nvidia' rival gets $4.5-tn IPO bids more than nivida market cap
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#454 Chinese Nvidia' rival gets $4.5-tn IPO bids more than nivida market cap
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recent blockbuster IPO of Moore Threads, a Chinese GPU company frequently nicknamed "China's Nvidia." This company's success is framed within the context of a geopolitical struggle, emphasizing that US export restrictions on crucial Nvidia chips have forced Beijing to aggressively pursue domestic alternatives. The company was founded in 2020 by Zang Jianzong, who previously headed Nvidia’s China operations, and it has since secured massive state backing and political acceleration for its market debut. A major hurdle for Moore Threads is overcoming the technological gap and the global dominance of Nvidia's proprietary CUDA software ecosystem, which the Chinese company is attempting to counter by building its own developer platform named Musa. Ultimately, while Moore Threads may not challenge Nvidia globally anytime soon, its immediate and attainable goal is to become China's default domestic GPU supplier for the exploding AI infrastructure market.