Chinese venture capital is pouring into the development of next-generation microprocessors as Chinese startups race to challenge the dominance of U.S. chipmaking giant Nvidia.
Investment in the new general purpose graphics processing units (GPGPUs) -- an advanced computing chip -- has been booming as venture capital bets on the growing Chinese industry. While traditional graphic processing units (GPUs) render images on computers, GPGPUs are designed to harness data processing power for artificial intelligence computing.
