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China’s Nvidia Chip Hunt
Chinese cloud-computing companies and AI labs are rushing to secure computing capacity powered by Nvidia chips overseas, particularly in Southeast Asia, fearing Washington may tighten restrictions on remote access to advanced processors. The move comes amid concerns that a U.S. remote-access security bill could pass, while China’s gray market has seen a wave of stockpiling of banned chips ahead of a broader crackdown on smuggling. Shares of Alibaba and MiniMax in Hong Kong fell more than 7% amid the crisis.
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