TikTok's parent company ByteDance has big plans to buy Nvidia chips by 2025, despite US restrictions.
ByteDance plans to use it. $7 billion for chips by 2025According to a report by The Information citing local sources. ByteDance will become one of the world's leading owners of such US AI chips despite US efforts to block Chinese companies from buying them.
In 2022, the US announced. Export restrictions Some types of AI chips to countries including China, where ByteDance is headquartered. These limitations have been achieved. It became much tighter..
ByteDance is technically complying with these restrictions using a loophole: The company doesn't bring chips directly to China, but stores them in data centers in other regions, such as Southeast Asia, The Information reports. It's not technically a violation of US restrictions.
ByteDance uses Doubao, China's “most popular” AI chatbot with 51 million users. South China Morning Post
TechCrunch has reached out to ByteDance for more information.