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NVIDIA's AI GPUs in China Now Selling at A Tremendous 500,000 Yuan Price Tag

July 29, 2023
Source: wccftech.com wccftech.com
News Snapshot:
NVIDIA has benefited tremendously from the AI hype, generating revenue figures not yet seen in the industry. A report claims that NVIDIA's cut-down AI GPUs in China are now sold at astonishing prices, reaching as high as 500,000 yuan/ US $69,000. NVIDIA Seems to Be Creating a Monopoly Over the AI Industry, GPU Demand & Prices Increasing Day-by-Day The rapid increase in the demand for AI GPUs, such as the H800, has caused a shortage in Chinese markets, which has resulted in large-scale inflation. The need for AI GPUs has been at an all-time high in China since companies like...
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Tags: AI | Alibaba | applications | ByteDance | CEO | China | Chinese | currency | GPU | green | inflation | Intel | IT | monopoly | news | Nvidia | online shopping | online video | performance | pricing | Renminbi | report | revenue | Sanctions | Yuan

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