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.”

Chinese chipmakers are in the ...