The Chinese company Bitmain Technologies is known primarily as the largest producer of ASIC miners for bitcoin and other cryptocurrencies, but now seriously considering the market artificial intelligence (AI) as an alternative source of income. In an interview with Bloomberg Businessweek, said co-founder of Cihan.
According to him, this is a direct consequence of the restrictive measures imposed by the authorities of China on the cryptocurrency market and ICO.
“As a Chinese company we have to be ready [to that]”, said Cihan Wu.
He declined to comment on profits Bitmain Technologies, however, according to the publication, in 2017 this figure was $3.5 billion, However, Jihan Wu did not rule out that following the ban on the holding of ICO and the work of cryptocurrency exchanges, the Chinese authorities can limit the work of mining companies. This, in turn, will lead to a serious blow to Bitmain, which supplies to the miners the necessary equipment and chips.
AI chips thus can be an important source of alternative source of income of the company.
“Artificial intelligence requires a lot of computing,” said Jihan Wu.
According to him, in five years, sales of AI-chips can be up to 40% of operating profit Bitmain Technologies.
We will remind, plans to conquer market share artificial intelligence also bears the Chinese company Canaan-Creative, the first manufacturer of ASIC miners Avalon. Earlier this month it was reported that the initial public offering (IPO) of the company, in which she is going to attract $1 billion, can be carried out on the Hong Kong stock exchange.