Nvidia(US:NVDA) Xin Lang Cai Jing·2025-12-11 00:03Core Insights - Nvidia responded to reports that Chinese AI startup DeepSeek is using smuggled Blackwell chips for its upcoming models, amid US export bans on these advanced chips to China [1][2][3] - The relationship between Nvidia and China has become a political focal point in the US, with President Trump stating that Nvidia can sell its H200 chips to approved customers in China, provided the US receives 25% of the sales [3] Group 1: Nvidia's Position - Nvidia has not seen evidence of "ghost data centers" allegedly built to deceive the company and its OEM partners, and it will investigate any leads on smuggling activities [1][3] - Nvidia has been a major beneficiary of the AI boom due to its development of GPUs, which are critical for training models and running large workloads [1][3] Group 2: DeepSeek's Developments - DeepSeek launched an inference model named R1 in January, which quickly topped app store and industry rankings, surprising the US tech community [2][4] - Analysts estimate that the development cost of R1 is significantly lower than that of similar models in the US [4] - In August, DeepSeek hinted at the imminent availability of next-generation chips to support its AI models, claiming that its V3 model was trained using Nvidia's H800 GPU, although some observers believe DeepSeek may possess more advanced computing capabilities [2][4]