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Financial Times - Chinese tech giants in race for $5bn of Nvidia chips to drive AI ambitions

Summary of the front page

The Financial Times says China’s internet giants are rushing to acquire high-performance chips vital for building generative artificial intelligence systems, making orders worth $5bn in a buying frenzy fuelled by fears of new US export controls.

The paper says the tech firms are rushing to acquire Nvidia chips following a series of measures unveiled by the Biden administration designed to limit Chinese access to advanced technology.

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