Chinese tech firms purchase more than $35 billion of Nvidia chips: Reuters
Alibaba, ByteDance and Tencent have together ordered more than $35 billion worth of Nvidia chips, Reuters reported Tuesday. The deals illustrate the continuing entanglement of the US and Chinese tech ecosystems despite intensifying drives in Washington and Beijing to wall off their AI sectors. Beijing recently proposed export controls on AI technologies, while the US has instituted export curbs and banned some Chinese AI from government devices.
Why it matters: The orders show that US-China technology competition persists at the commercial level even as both governments tighten AI export controls.