TikTok parent ByteDance is buying 50,000 AI chips made in China. The chips are from Iluvatar CoreX and Baidu Kunlunxin, not Nvidia or AMD. US export restrictions pushed China to develop its own AI chips and infrastructure. As a result, Chinese chip companies gained more demand and investment. Nvidia missed a 50,000-unit order, while China moved closer to building its own AI supply chain. The policy meant to slow China's AI progress may have helped speed it up instead.
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