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Chinese internet giants go on a $5 billion Nvidia shopping spree to power their AI ambitions

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Nvidia has reportedly received multiple orders from Chinese companies valued at around $5 billion for the purchase of the company’s A800 processor to fuel their Artificial Intelligence models.
Baidu, ByteDance, Tencent, and Alibaba have recently placed multiple bulk orders with Nvidia to fuel their generative Artificial Intelligence (AI) programs.
According to a Financial Times report (Paywall), Chinese companies have placed orders for 100,000 units of Nvidia’s A800 processor, valued at $1 billion. The companies plan to receive this shipment from the US chip maker by the end of this year. Furthermore, the companies have also placed an additional cumulative order of $4 Billion for processors to be delivered in 2024.
It is worth noting that A800 processor is the weakened version of the A100 processor that is used data centers, which in turn is the weaker version of H100 processor.

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