Chinese AI startup Knowledge Atlas Technology released a new multimodal model that it says is the China’s first to be fully trained using domestic chips, in a sign of progress toward meeting China's goal of reducing reliance on US tech, Bloomberg reports

Chinese AI startup Knowledge Atlas Technology released a new multimodal model that it says is the China’s first to be fully trained using domestic chips, in a sign of progress toward meeting China's goal of reducing reliance on US tech, Bloomberg reports.

This development signals China's increasing investment in domestic technology capabilities, particularly in AI, which could shift the competitive landscape in tech globally. As China aims to reduce its reliance on US tech, this could prompt both heightened investment in similar advancements across Asia and potential scrutiny from Western nations regarding tech exports and trade policy. Market participants should watch for implications on regional equities and sectors related to technology and hardware.