Nvidia's AI chips smuggled into China for rental at lower prices, despite U.S. sanctions.

Nvidia's AI chips are being smuggled into China, where they are available for rent at significantly lower prices than in the U.S.—$6 per hour compared to $10. Despite U.S. sanctions, Chinese tech firms like Alibaba and Tencent are investing heavily in AI, with expenditures rising to 50 billion Yuan. Smugglers and front companies facilitate access to these chips, underscoring China's resilience in advancing its technology sector despite export controls.

September 05, 2024
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