Ex-Nvidia Billionaire Unveils New AI Chips After China IPO Debut

Moore Threads Technology Co. introduced a new generation of chips aimed at reducing artificial-intelligence developers’ dependence on Nvidia Corp.’s hardware, just weeks after pulling off one of the most successful Chinese IPOs in years.

“These products will significantly enhance world-class computing speed and capabilities that all developers aspire to,” Moore Threads Chief Executive Officer Zhang Jianzhong, a former Nvidia executive, said at a company event in Beijing on Saturday. “We hope they can meet the needs of more developers in China so that you no longer need to wait for advanced foreign products.”