TikTok’s parent firm ByteDance won’t pay for NVIDIA’s AI Chips, wants Huawei, Broadcom to develop GPUs

ByteDance ordered over 100,000 chips this year but received fewer than 30,000 by July, slowing the company’s progress. ByteDance reportedly spent over $2 billion on NVIDIA’s H20 chips in 2024, but it is now determined to reduce its dependence on external suppliers


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