MOSCOW, Aug 10 Major Chinese companies rush to buy chips American manufacturer Nvidia, they have already made orders for five billion dollars amid the possible introduction of new restrictions by the United States on the export of chips used for artificial intelligence (AI) technologies to China, the Financial Times newspaper writes, citing sources.
«Chinese internet giants are rushing to acquire Nvidia's high-performance chips needed to build artificial intelligence generative systems, placing orders worth $5 billion in a rush buying spurred by fears of new U.S. export controls,» the newspaper writes, citing the link. to unnamed sources.
According to him, companies such as Baidu, ByteDance, Tencent and Alibaba have already placed orders for the purchase of about one hundred thousand billion dollar A800 processors, they will be delivered this year. According to Nvidia sources, Chinese companies have also purchased $4 billion worth of GPUs, which will be delivered in 2024.
«Without these Nvidia chips, we won't be able to continue training any major language model,» a Baidu employee, speaking on condition of anonymity, told the publication.
The Wall Street Journal previously reported, citing sources, that the administration of US President Joe Biden is considering introducing new restrictions on the export of chips and cloud services to China used for artificial intelligence technologies. It was noted that the restrictions risk affecting the products of American technology companies Nvidia and Advanced Micro Devices (AMD). In addition to the supply of microprocessors, cloud services for Chinese AI companies may also be subject to export restrictions.