ByteDance planned to spend $7B on Nvidia chips next year, The Information says

ByteDance continues to use Nvidia’s (NVDA) most advanced artificial intelligence chips despite U.S. efforts to block Chinese companies from using them, The Information’s Qianer Liu and Juro Osawa report. The Chinese owner of TikTok recently told suppliers it planned to spend up to $7B to access Nvidia chips outside China in 2025, according to a person who has been involved in the plan. The effort, led by co-founder Zhang Yiming, would make ByteDance one of the world’s biggest consumers of such hardware, the authors note.

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