$1 BILLION WORTH OF NVIDIA AI CHIPS SMUGGLED TO CHINA DESPITE EXPORT CONTROLS

Summary from the TLDR AI newsletter

A thriving black market has moved over $1 billion worth of banned Nvidia B200 chips to China in just 3 months by routing shipments through Southeast Asian countries like Malaysia and Thailand before final delivery. Chinese distributors are openly advertising ready-to-deploy server racks at 50% premiums and developing new routes through European countries as the US prepares to tighten controls on regional intermediaries.