U.S. bans sales of Nvidia's H100, A100 GPUs to Middle East. Looks like a new market for Chinese companies is opening up.
Open link in next tab
U.S. Bans Sales of Nvidia's H100, A100 GPUs to Middle East
https://www.tomshardware.com/news/us-bans-sales-of-nvidias-h100-a100-gpus-to-middle-east
The Biden administration imposes additional restrictions on exports of advanced compute GPUs.
"Despite the new restrictions, Nvidia stated that the licensing requirement does not significantly impact its revenue and that the company is working with the U.S. government to address the issue."
What this means is Nvidia will get more subsidies due to their lost market share in the middle east, this is bidenomics everyone, just free handouts to corporations. Honestly power to the bloating of the american economy, it'll crash harder during a recession.