Exclusive-ByteDance in talks with China’s Iluvatar CoreX to purchase AI chips, sources say

ByteDance is currently in talks with China's Iluvatar CoreX to purchase AI chips. This move represents a strategic push by ByteDance to diversify its AI chip sourcing and move away from Nvidia. Such actions highlight a broader strategic shift within China toward semiconductor self-reliance amidst ongoing global tensions. The company aims to secure domestic hardware alternatives to maintain its AI capabilities while navigating the complexities of the international semiconductor trade and supply chain restrictions.