China capitalizes on demand for Nvidia AI chips amid US export restrictions

  • Chinese vendors exploit high demand for Nvidia’s A100 AI chips and cater to an underground market.
  • Prices reach $20,000 per unit, double the normal cost, with buyers including app developers, startups, researchers, and local authorities.
  • Nvidia prohibits A100 or H100 exports to China and plans action against violators; stricter enforcement may follow.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications