Nvidia's challenges in China are intensifying as TikTok parent company ByteDance reportedly considers sourcing AI chips from Iluvatar CoreX and Baidu, indicating a shift away from Nvidia.

ByteDance is reportedly in discussions with Chinese companies Iluvatar CoreX and Baidu's Kunlunxin to procure AI chips. This move indicates ByteDance's efforts to diversify its chip supply for its artificial intelligence operations.

ByteDance is reportedly in discussions with Chinese chipmaker Iluvatar CoreX to purchase AI chips, according to sources.