China's tech giants splurge $5 billion on Nvidia chips for AI domination
China's internet giants Baidu, ByteDance, Tencent, and Alibaba have reportedly ordered $5bn worth of Nvidia chips crucial for developing generative AI systems. The companies plan to purchase 100,000 A800 processors this year and more GPUs in 2024. Nvidia is offering these processors in China to comply with export control regulations after U.S. officials demanded a halt to exports of the company's top computer chips for AI-related work in the country. The news comes after President Biden signed an executive order limiting U.S. investment in China's sensitive technology sectors.
AI News Without the Hype – Curated by Humans
Subscribe to THE DECODER for ad-free reading, a weekly AI newsletter, our exclusive "AI Radar" frontier report six times a year, full archive access, and access to our comment section.
Subscribe nowRead on for the full picture.
Subscribe for hype-free coverage.
- Full access to every article on THE DECODER
- No ads
- Join the comments and community discussions
- A weekly AI news recap via mail
- 6x/year: "AI Radar" — deep dives on the AI topics that matter most
- Daily AI news, always up to date
- Our full ten-year archive
- Covered by a team with 10+ years in AI