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❕ByteDance appears to be skirting US restrictions to buy Nvidia chips: Report
ByteDance, the parent company of TikTok, plans to invest $7 billion in Nvidia chips in 2025, despite U.S. restrictions on Chinese companies acquiring U.S. AI technology. The company is reportedly navigating these restrictions by using a loophole: instead of bringing the chips directly to China, ByteDance intends to store them in data centers located in other regions, such as Southeast Asia.
This approach allows them to technically comply with U.S. regulations while still gaining access to valuable AI chips. ByteDance also operates Doubao, a popular AI chatbot in China with 51 million active users.
❕ByteDance appears to be skirting US restrictions to buy Nvidia chips: Report
ByteDance, the parent company of TikTok, plans to invest $7 billion in Nvidia chips in 2025, despite U.S. restrictions on Chinese companies acquiring U.S. AI technology. The company is reportedly navigating these restrictions by using a loophole: instead of bringing the chips directly to China, ByteDance intends to store them in data centers located in other regions, such as Southeast Asia.
This approach allows them to technically comply with U.S. regulations while still gaining access to valuable AI chips. ByteDance also operates Doubao, a popular AI chatbot in China with 51 million active users.
For some time, Mr. Durov and a few dozen staffers had no fixed headquarters, but rather traveled the world, setting up shop in one city after another, he told the Journal in 2016. The company now has its operational base in Dubai, though it says it doesn’t keep servers there.Mr. Durov maintains a yearslong friendship from his VK days with actor and tech investor Jared Leto, with whom he shares an ascetic lifestyle that eschews meat and alcohol.
Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.
