Tencent (TCEHY), Alibaba (BABA), ByteDance, and other Chinese companies are ramping up orders for Nvidia’s (NVDA) H20 AI chip due to increasing demand for DeepSeek’s models, Reuters’ Fanny Potkin and Che Pan report, citing people familiar with the matter. DeepSeek is a Chinese-built large-language open-source model that claims to rival offerings from Microsoft-backed (MSFT) OpenAI’s ChatGPT and Meta Platforms (META) but using a much smaller budget.
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