ByteDance appears to be skirting U.S. restrictions to buy Nvidia chips

In Brief TikTok parent company ByteDance has big plans to buy Nvidia chips in 2025 — despite U.S. restrictions.ByteDance plans to spend $7 billion on the chips in 2025, according to reporting from The Information, citing inside sources. If ByteDance follows through, it will become one of the world’s top owners of Nvidia chips, despite U.S. efforts to restrict Chinese companies from buying U.S. AI chips like these. In 2022, the U.S. announced export restrictions on certain kinds of AI chips to countries inc ...