22 June, 2023 — Chinese tech giants, including ByteDance (the company behind TikTok), Tencent, Baidu, and Alibaba, have significantly increased their purchases of Nvidia GPUs for AI applications.
ByteDance alone has already ordered around $1 billion worth of Nvidia GPUs in 2023, surpassing the total Chinese market’s orders from Nvidia in 2022. The Chinese companies are rushing to pre-order GPUs before government sanctions take full effect.
This increased demand for Nvidia’s HPC products highlights China’s determination to not fall behind in the field of AI and its strategic importance for economic growth and state control.
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