China’s Internet Giants Order $5bn of Nvidia Chips to Power AI Ambitions

The Financial Times2023-08-10

Baidu, ByteDance, Tencent and Alibaba rush to acquire GPUs amid concern US will soon clamp down on their exportChina’s tech companies are seeking to develop homegrown large language AI models ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2358769088?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-10 08:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2358769088","market":"us","top_or_hot":-1,"title":"China’s Internet Giants Order $5bn of Nvidia Chips to Power AI Ambitions","media":"The Financial Times","content":"<div>\n<p>Baidu, ByteDance, Tencent and Alibaba rush to acquire GPUs amid concern US will soon clamp down on their exportChina’s tech companies are seeking to develop homegrown large language AI models ...</p>\n\n<a href=\"https://www.ft.com/content/9dfee156-4870-4ca4-b67d-bb5a285d855c\">Source Link</a>\n\n</div>\n","source":"lsy1580170736413","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Internet Giants Order $5bn of Nvidia Chips to Power AI Ambitions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Internet Giants Order $5bn of Nvidia Chips to Power AI Ambitions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-10 08:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/9dfee156-4870-4ca4-b67d-bb5a285d855c><strong>The Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Baidu, ByteDance, Tencent and Alibaba rush to acquire GPUs amid concern US will soon clamp down on their exportChina’s tech companies are seeking to develop homegrown large language AI models ...</p>\n\n<a href=\"https://www.ft.com/content/9dfee156-4870-4ca4-b67d-bb5a285d855c\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0127658192.USD","symbol_name":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","start_time":0,"source_url":"https://www.ft.com/content/9dfee156-4870-4ca4-b67d-bb5a285d855c","article_id":"2358769088","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2358769088","pubTimestamp":1691628267,"sourceInfo":{"source_id":"lsy1580170736413","name":"The Financial Times"},"weMediaInfo":null,"summary":"Baidu, ByteDance, Tencent and Alibaba rush to acquire GPUs amid concern US will soon clamp down on their exportChina’s tech companies are seeking to develop homegrown large language AI models followin","collect":0,"end_time":0,"defaultTopTitle":"ft.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0173614495.USD":"富达中国焦点A","09888":"百度集团-SW","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK1591":"就地过年概念","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0048597586.USD":"富达亚洲焦点A","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0140636845.USD":"施罗德大中华区股票A Acc","BK1517":"云办公","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","BK1516":"腾讯概念","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0079474960.USD":"联博美国增长基金A","BK4585":"ETF&股票定投概念","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","IE0008368742.USD":"首域中国增长基金I Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4587":"ChatGPT概念","LU0228659784.USD":"施罗德金砖四国基金","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1609":"ChatGPT概念","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0348783233.USD":"安联东方收入型 CI A Dis美元","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","NVDA":"英伟达","BK1249":"综合零售","BK4527":"明星科技股","BK4588":"碎股","LU0359201612.USD":"贝莱德中国基金A2","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","00700":"腾讯控股","BABA":"阿里巴巴","BK4551":"寇图资本持仓","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","09988":"阿里巴巴-W","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC"},"translate_title":"中国互联网巨头订购50亿美元的英伟达芯片来推动人工智能的雄心","themeId":"95e3e7595ac2407d82a2e646db9ba6e0","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABA":1.1,"09888":0.9,"NVDA":0.9,"00700":0.9,"09988":0.9},"content_text":"Baidu, ByteDance, Tencent and Alibaba rush to acquire GPUs amid concern US will soon clamp down on their exportChina’s tech companies are seeking to develop homegrown large language AI models following the success of OpenAI’s ChatGPT © FT montageChina’s internet giants are rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5bn in a buying frenzy fuelled by fears the US will impose new export controls.Baidu, ByteDance, Tencent and Alibaba have made orders worth $1bn to acquire about 100,000 A800 processors from the US chipmaker to be delivered this year, according to multiple people familiar with the matter. The Chinese groups had also purchased a further $4bn worth of the graphics processing units to be delivered in 2024, two people close to Nvidia said.The A800 is a weakened version of Nvidia’s cutting-edge A100 GPU for data centres. Due to export restrictions imposed by Washington last year in a bid to choke Beijing’s technological ambitions, Chinese tech companies are only able to buy A800s, which have slower data transfer rates than A100s.As hype has intensified around AI over the past year, Nvidia’s GPUs have become the hottest commodity among the world’s biggest tech companies to provide computing power for the development of large language AI models.Chinese internet groups are racing to stockpile the A800 chips over fears that the Biden administration is contemplating new export restrictions that would capture even Nvidia’s weakened chips, as well as a wider GPU shortage driven by overwhelming demand.“Without these Nvidia chips, we can’t pursue the training for any large language model,” said one Baidu employee who declined to be named.The companies are developing their own homegrown large language models after the success of ChatGPT, the breakout chatbot launched by Microsoft-backed OpenAI eight months ago.ByteDance has numerous small teams working on various generative AI products, including an AI chatbot codenamed Grace, which is currently undergoing internal testing, according to two people close to the company.ByteDance tested a generative AI feature for its social media app TikTok earlier this year, named TikTok Tako, which licenses OpenAI’s ChatGPT.Two employees with direct knowledge of the matter said ByteDance had already stockpiled at least 10,000 Nvidia GPUs to support its ambitions. They added that the company had also ordered almost 70,000 A800 chips to be delivered next year, worth about $700 million.Alibaba plans to plug all its products into its large language model, including its online shopping platform Taobao and its mapping tool Gaode Map. Meanwhile, Baidu is making its own ChatGPT-like project, a generative AI chatbot called Ernie Bot.Baidu, ByteDance, Tencent and Alibaba declined to comment. Nvidia said in a statement: “Consumer internet companies and cloud providers invest billions of dollars on data centre components every year, often placing orders many months in advance.”Earlier this year, as excitement about AI gathered momentum, most Chinese internet giants had less than a few thousand chips in stock that could be used to train large language models, according to multiple employees at Chinese tech companies. As demand has grown since then, so too has the cost of those chips. “The price of the A800 in the hands of distributors has risen by more than 50 per cent,” said one Nvidia distributor.Tencent Cloud in April released a new server cluster — computing power for others to rent — wielding the Nvidia H800 GPU, a version of its latest H100 model adapted for China, which can power large language model training, autonomous driving and scientific computing.Alibaba Cloud has also received thousands of H800 chips from Nvidia, and many customers have already contacted the company seeking cloud services powered by these chips to help them replicate ChatGPT in China, according to two people close to Alibaba.ByteDance provides cloud computing devices with stockpiled Nvidia chips A800 and A100. It also launched a platform in June for companies to trial different large language model services.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2358769088"}