The company bought enough chips to last approximately 18 months, according to founder and CEO Kai-Fu Lee. Nvidia's graphics processing units (GPUs) are highly sought after as they are considered the most advanced for training AI models, such as OpenAI’s GPT4.
Key takeaways:
- The Chinese startup, 01.AI, went on a buying spree earlier this year to stock up on high-end Nvidia Corp. semiconductors.
- This was done in anticipation of the US government's tighter export restrictions that would halt chip sales to all Chinese customers.
- The startup has bought enough chips to last for the next 18 months, according to its founder and CEO, Kai-Fu Lee.
- Nvidia’s graphics processing units (GPUs) are considered the most advanced for training AI models, like OpenAI’s GPT4.