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Chinese tech giants order three million Nvidia chips

A reported order worth more than $35 billion against allocations of just 5 to 10 percent shows Chinese AI demand far outstripping supply.

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SITUATION DETECTED: Chinese tech giants ByteDance, Alibaba, and Tencent have ordered more than 3 million Nvidia chips worth over $35 billion, per Reuters.
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By not supporting export controls, OpenAI is sacrificing America's interests, safety efforts, efforts to pace the frontier and also the direct interests of OpenAI. The winners are China and Nvidia. If I was at OpenAI I would be asking very hard questions about this.
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ByteDance, Alibaba and Tencent reportedly ordered 3 million-plus Nvidia RTX PRO 5500 GPUs worth more than $35 billion, and Nvidia has told partners allocations may run to just 5% to 10%.
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How the headline evolved

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