China’s internet giants order $5 billion of Nvidia chips to power AI ambitions – FT

China’s internet giants are rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion, the Financial Times reported on Wednesday.

Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter.

Nvidia, Baidu, ByteDance, Tencent and Alibaba were not immediately available for comment.