ByteDance devising $7bn cloud-based GPU strategy [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
ByteDance is devising plans to invest $7bn in cloud-based graphics processing units (GPUs) to circumvent US restrictions on exporting advanced chips to China, The Information reported citing sources. The company aims to rent access to Nvidia's GPUs via data centres outside mainland China, avoiding direct purchases. ByteDance founder Zhang Yiming is said to be negotiating with data centre operators in Southeast Asia and the Middle East to secure access to Nvidia's upcoming Blackwell GPUs. Sources indicate ByteDance's AI investments will outpace rivals such as Alibaba Cloud, Tencent, Baidu, and Huawei. The restrictions imposed by the US administration are aimed at preventing Chinese companies from buying advanced processors due to national security concerns. Consequently, Chinese tech giants, including ByteDance, are renting access to chips. ByteDance is already using data centres abroad for Nvidia's Hopper AI GPUs, which cannot be exported to China. The US government may
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