News Snapshot:
Tencent and ByteDance ordered roughly 230,000 of NVIDIA’s Hopper GPUs, including a specialised H20 variant tailored to comply with US export regulations for China. That’s more AI GPUs, than Google, Meta, Amazon, or Tesla/xAI read more Despite restrictions imposed by the US, their GPU acquisitions outpaced tech behemoths like Google, Meta, and Amazon, underscoring their determination to bolster AI capabilities. Analysts expect this momentum to continue well into 2025. Image Credit: Reuters Chinese technology giants Tencent and ByteDance, the company behind TikTok, made major moves in the AI race by snapping up a substantial number of NVIDIA’s high-end AI GPUs...