🇨🇳🇺🇸 Jensen Huang's affair just set off a GOLD RUSH for Nvidia chips in China.
Chinese AI firms are scrambling to secure Nvidia computing power overseas before Washington closes the loophole.
The U.S. bans exports of Nvidia's top chips to China, but Chinese companies have found a workaround: rent them from data centers abroad.
Now they fear the spy scandal could shut that door too.
A major Chinese cloud provider has already discussed reserving overseas Nvidia capacity, while smaller AI labs are reportedly looking to Southeast Asia.
The threat is the Remote Access Security Act, which would target exactly this workaround.
It passed the House 369-22 back in January. The Senate has been sitting on it for 10 months.
Meanwhile, grey-market traders in China are reportedly stockpiling restricted Nvidia chips.
One affair, one alleged spy, and suddenly a bill nobody cared about is back on the table.
Source: Reuters / Writer: Julie
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