China's AI Giants Bet $16B on NVIDIA H20 GPUs
Chinese tech giants like ByteDance, Alibaba, and Tencent are reportedly ordering $16 billion worth of NVIDIA's H20 GPUs. This massive investment fuels their AI ambitions, driven by models like Qwen and DeepSeek, amidst tightening US export controls. The demand highlights the critical need for computing power despite geopolitical challenges and potential future restrictions.