ByteDance appears to be skirting US restrictions to buy Nvidia chips: report

Company Strategy - ByteDance plans to spend $7 billion on Nvidia chips in 2025, potentially becoming one of the world's top owners of these chips [1][3] - The company is technically adhering to U S restrictions by storing the chips in data centers located in regions like Southeast Asia rather than directly bringing them to China [4] Product and Market - ByteDance operates Doubao, China's "hottest" AI chatbot with 51 million active users [2] Regulatory Environment - The U S announced export restrictions on certain kinds of AI chips to countries including China in 2022, and these restrictions have been tightened multiple times since [5] Media Engagement - TechCrunch reached out to ByteDance for more information regarding their plans [6]