The Chinese Tech Giant's Buy of NVIDIA GPUs

Chinese tech giant Bytedance has purchased $1 billion worth of NVIDIA GPUs, consisting of about 100,000 units. This move highlights the competition between American and Chinese companies in the race to expand AI capabilities. Bytedance, the creator of TikTok, is rushing to acquire these GPUs due to the export controls imposed by the US government. The company aims to secure as many cutting-edge GPUs as possible before the potential ban on sales. By making this massive purchase, Bytedance aims to safeguard their access to advanced GPUs.