AIBloomberg3h ago
Alibaba, Tencent, ByteDance, and other Chinese AI companies ordered 6M
Sources: Alibaba, Tencent, ByteDance, and other Chinese AI companies ordered 6M Nvidia RTX Pro 5500 chips worth $70B, but expect only ~1% within four months
TL;DRChinese AI firms ordered millions of Nvidia chips but expect to get only 1% in four months.
Why it matters: Severe chip shortages could slow China's AI development and shift competitive advantage toward Western companies.
Chinese AI developers expect to receive just a small fraction of the advanced Nvidia Corp. chips they've ordered over the next several months …
Read full articleSource: Bloomberg · Opens in new tab