ByteDance has been a big buyer of Nvidia chips, with no signs of slowing down, and has skirted restrictions by storing them outside of China.

ByteDance has refuted a report by The Information claiming it plans to spend up to $7 billion on NVIDIA chips by 2025 as part of its AI expansion. The

ByteDance continues to invest in NVIDIA AI chips, planning to spend $7 billion by 2025, despite U.S. export restrictions.

Nvidia has completed its acquisition of Run:ai, an Israeli startup that helps manage and optimize AI hardware infrastructure.

Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout. The European Commission granted unconditional approval to Nvidia's $700 million bid for Run:ai,

Nvidia announced plans to acquire Run:ai, officially Runai Labs Ltd, in April. TechCrunch reported at the time that the deal was worth $700 million. Run:ai previously raised $118 million in venture funding from Tiger Global and other investors.