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ByteDance, Alibaba, Tencent Order Over $35 Bln Of Nvidia Chips: Reports
Source: Nasdaq
Artificial IntelligenceSanctions & Export ControlsTrade Policy & Supply ChainTechnology & Innovation
ByteDance, Alibaba and Tencent have ordered more than 3 million Nvidia RTX PRO 5500 graphics cards, with a combined list price exceeding $35 billion. The purchases reflect Chinese technology companies’ efforts to find alternatives amid U.S. restrictions on advanced AI chips.
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