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China's AI Chip Grab: Nvidia's Export-Ready GPUs Sold Out
20 Oct
Summary
- Chinese tech giants ordered over 3 million Nvidia RTX PRO 5500 cards.
- The massive order is valued at more than $35 billion.
- These chips are used due to U.S. export restrictions on advanced AI hardware.
Chinese technology leaders ByteDance, Alibaba, and Tencent have collectively ordered more than 3 million of Nvidia's RTX PRO 5500 graphics cards. This substantial procurement is valued at over $35 billion, highlighting a significant investment in artificial intelligence capabilities. The companies are rushing to secure these less powerful, yet export-compliant, chips.
The demand arises from stringent U.S. regulations that restrict the sale of more advanced AI chips to China. Consequently, Chinese tech giants are turning to alternatives like the RTX PRO 5500 to circumvent these export controls and continue their AI development.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
