Market
Story
ByteDance to Spend $7 Billion on Nvidia Hopper GPUs via U.S. Cloud Computing Amid Export Restrictions
Dec 30, 2024, 02:59 PM
ByteDance, the parent company of TikTok, plans to spend up to $7 billion on Nvidia's advanced AI chips in 2025, according to a report from The Information. This investment aims to access Nvidia chips outside of China, navigating around U.S. export restrictions that limit Chinese firms' access to such technology. ByteDance intends to rent access to U.S.-based cloud computing resources powered by these chips, a method that does not violate current export laws. The chips in question include Nvidia's Hopper GPUs, which are in high demand and have been subject to smuggling attempts into China via shell companies and middlemen.
View original story
Similar markets
AI-based Personal Computer • 25%
AI Superchip • 25%
Blackwell GeForce RTX 50 GPUs • 25%
Autonomous Driving Tech • 25%
Data Center • 25%
Healthcare • 25%
Automotive • 25%
Gaming • 25%
Automotive • 25%
Gaming • 25%
Robotics • 25%
AI chipmaking • 25%
$30 billion to $50 billion • 25%
More than $70 billion • 25%
$50 billion to $70 billion • 25%
Less than $30 billion • 25%
Tencent • 25%
Alibaba • 25%
ByteDance • 25%
Other • 25%
Retail • 25%
Finance • 25%
Automotive • 25%
Healthcare • 25%
Other • 25%
Tesla Inc. • 25%
Meta Platforms Inc. • 25%
Microsoft • 25%
No Major Move • 25%
New Product Launch • 25%
Partnership • 25%
Acquisition • 25%
Nvidia remains the leader • 25%
Nvidia loses significant market share • 25%
Nvidia faces strong competition but stays competitive • 25%
Nvidia partners or merges with another major tech company • 25%
ByteDance • 25%
Other • 25%
Meta Platforms Inc. • 25%
Tesla Inc. • 25%