China's Tech Giants Ditching Nvidia for Homegrown Chips?

Okay, so get this. It looks like the really big tech companies over in China are starting to use their own chips instead of Nvidia ones. I guess they're running low on those Nvidia processors, and you know, with the US making it harder to export them, they gotta figure something else out.
The Financial Times reported on this, and apparently, folks like Alibaba, Tencent, and Baidu are already giving these homegrown chips a try. They need them because everyone in China wants more AI stuff, and you need good chips for that. I haven't been able to totally confirm it myself yet, but that's what the industry insiders are saying, according to the report. Pretty interesting, right? Makes you wonder what's gonna happen next in the tech world.