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ByteDance Manipulates Loophole to Purchase Nvidia Chips Amid US Restrictions
In recent developments, ByteDance, the parent company of TikTok, is poised to invest heavily in Nvidia chips, aiming to acquire $7 billion worth by 2025. This ambitious plan unfolds despite...
In recent developments, ByteDance, the parent company of TikTok, is poised to invest heavily in Nvidia chips, aiming to acquire $7 billion worth by 2025. This ambitious plan unfolds despite existing U.S. restrictions designed to limit Chinese companies from purchasing American AI technology.
According to insider reports from The Information, if ByteDance successfully executes this acquisition, it would position the company among the world’s largest owners of Nvidia chips. Such a move would not only solidify ByteDance’s status in the tech world but also raise eyebrows regarding U.S. policies and the ever-evolving landscape of international tech trade.
In 2022, the U.S. government enforced stringent export controls on various AI chips, including key technologies from Nvidia, specifically targeting nations like China. These regulations have become increasingly rigorous, reflecting growing concerns surrounding national security, intellectual property, and technological dominance.
