In Brief Earlier this year, DeepSeek briefly crashed Nvidia’s stock because of speculation that its models require far fewer chips. Now, Chinese fintech giant Ant Group, which is backed by Alibaba founder Jack Ma, is claiming a major AI breakthrough. Ant was able to use Chinese chips made by Alibaba and Huawei to create methods that cut AI training costs by 20%, Bloomberg reported, citing sources familiar with the matter. What’s more, the Chinese-made chips performed about as well as Nvidia chips during Ant Group’s tests, Bloomberg sources claim. If these Chinese chips catch on, it could harm Nvidia’s current...