Chinese tech giants secure $5bn Nvidia chips for AI development

  • China’s internet leaders are securing vital Nvidia chips, with orders amounting to $5 billion.
  • Companies like Baidu, ByteDance, Tencent, and Alibaba have placed orders for about 100,000 A800 processors, totaling $1 billion.
  • An additional $4 billion worth of graphics processing units have been purchased for delivery in 2024.
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