According to The Information, ByteDance is reportedly planning to spend $7 billion on acquiring NVIDIA chips, with discussions underway with data center operators to utilize the Blackwell chip. The deal is expected to take place in 2024, marking a significant step in the Chinese tech giant's efforts to boost its computing capabilities. ByteDance, the parent company of TikTok, has been rapidly expanding its operations in the data center and cloud computing sectors. The acquisition of NVIDIA chips would enable the company to improve its processing power and support the growing demand for its services. The Blackwell chip, developed by NVIDIA, is a highly efficient and powerful processor that is designed for use in data centers. Its acquisition would give ByteDance a significant advantage in the market, allowing it to stay ahead of its competitors. The deal is subject to regulatory approval and other customary conditions, but it is expected to be finalized in the coming months. ByteDance's decision to invest in NVIDIA chips reflects its commitment to investing in cutting-edge technology and its plans to expand its presence in the global market. The acquisition would mark a major milestone in the company's history and cement its position as a leader in the tech industry.