Jack Ma-backed Ant Group touts cost reduction using Chinese AI chips - report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2025
0mins
Should l Buy GOOG?
Source: SeekingAlpha
Ant Group's AI Breakthrough: Ant Group, supported by Jack Ma, has developed cost-effective AI training techniques using Chinese semiconductors, achieving a 20% reduction in costs compared to Nvidia chips while maintaining similar performance levels.
Shift to Domestic Technology: The company is increasingly relying on domestic alternatives from Alibaba and Huawei due to U.S. export restrictions, reflecting a broader trend among Chinese tech firms amidst heightened competition in the AI sector.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 299.020
Low
255.00
Averages
336.08
High
400.00
Current: 299.020
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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