• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Nvidia AI Chips Becoming Cheaper in China

user avatar

by Giorgi Kostiuk

2 years ago


  1. Availability of Nvidia Chips on the Market
  2. Prices on Chinese and American Markets
  3. Nvidia's Control

  4. Nvidia AI chips are cheaper to rent in China than in the USA, due to steady supplies from small cloud vendors.

    Availability of Nvidia Chips on the Market

    The US decision to restrict the sale of Nvidia processors to China in 2022 did not completely stop the flow of processors into the country. Small traders from Hong Kong, Japan, and other nearby countries continue to purchase chips from the US and smuggle them into China.

    Prices on Chinese and American Markets

    According to the Financial Times, Chinese startups charge about $6 an hour for access to a server with eight Nvidia A100 processors while the same service costs $10 in the US. Most of these chips enter China through the black market and are advertised on social media and platforms like Xiaohongshu and Taobao at a much smaller markup than abroad.

    Nvidia's Control

    Nvidia claims it controls its distributions through a network of authorized partners who comply with US export restrictions. The company states it takes action if violations are found.

    Although we cannot track products after they are sold, if we determine that any customer is violating US export controls, we will take appropriate action.Nvidia

    The availability of Nvidia AI chips on the black market in China enables lower rental prices for servers with such processors compared to American competitors. This shows that US restrictions have not fully halted chip supplies to China.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Challenges in Enforcing Crypto Regulations Highlighted by FATF

chest

FATF highlights challenges in enforcing crypto regulations, especially in DeFi and stablecoins.

user avatarRajesh Kumar

FATF Reports Increased Legislative Adoption of Crypto Regulations

chest

The Financial Action Task Force (FATF) reports that 83 jurisdictions have enacted legislation for the Travel Rule, but enforcement remains a significant issue.

user avatarGustavo Mendoza

SEC Commissioner Hester Peirce Issues Important Statement on Crypto Vaults

chest

SEC Commissioner Hester Peirce has issued a statement on crypto vaults and lending strategies, highlighting that onchain activities are still subject to federal securities laws.

user avatarMiguel Rodriguez

Poolin's Financial Troubles and Auction Plans

chest

Poolin Technology Pte Ltd faced financial troubles starting September 2022, freezing withdrawals for users and issuing IOU tokens instead of repaying customers, affecting about 11,700 wallet holders owed $163.7 million, with recovery dependent on an upcoming asset auction.

user avatarLuis Flores

Poolin Technology Files for Chapter 11 Bankruptcy

chest

Poolin Technology Pte Ltd, a Singapore-based company, filed for Chapter 11 bankruptcy on July 22, 2023, facing over $100 million in obligations with less than $10 million in assets.

user avatarArif Mukhtar

SEC's Division of Enforcement Faces Leadership Transition

chest

Leadership change in SEC's Division of Enforcement as Sam Waldon departs and Osman Nawaz takes over.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.