TikTok father or mother firm ByteDance has massive plans to purchase Nvidia chips in 2025 — regardless of U.S. restrictions.
ByteDance plans to spend $7 billion on the chips in 2025, based on reporting from The Info, citing inside sources. If ByteDance follows via, it’ll turn into one of many world’s prime house owners of Nvidia chips, regardless of U.S. efforts to limit Chinese language firms from shopping for U.S. AI chips like these.
In 2022, the U.S. introduced export restrictions on sure sorts of AI chips to international locations, together with China, the place ByteDance is headquartered. These restrictions have gotten tighter multiple times since.
ByteDance is technically adhering to those restrictions through the use of a loophole: The corporate isn’t bringing the chips on to China and is as a substitute storing them in knowledge facilities positioned in different areas like Southeast Asia, based on The Info’s reporting. This doesn’t technically violate U.S. restrictions.
ByteDance runs Doubao, China’s “hottest” AI chatbot with 51 million lively customers, based on the South China Morning Post.
TechCrunch reached out to ByteDance for extra info.
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