ByteDance appears to be skirting US restrictions to buy Nvidia chips: report | TechCrunch
Briefly

ByteDance is attempting to navigate through U.S. export restrictions by acquiring Nvidia chips, planning to invest $7 billion in these essential components for AI in 2025.
Despite regulatory pressure, the company's strategy involves leveraging a loophole, storing acquired chips in data centers outside of China, primarily in Southeast Asia.
With a projected investment of $7 billion, ByteDance aims to become a dominant player in the ownership of Nvidia chips, circumventing U.S. export limitations.
ByteDance demonstrates innovative measures to maintain access to advanced technology; operating Doubao, it showcases its commitment to AI solutions amidst increasing geopolitical tensions.
Read at TechCrunch
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