Accused face up to 20 years in prison
The authorities in Singapore have charged three men with fraud, reportedly in connection with the shipment of Nvidia GPUs into China in violation of US export controls., nine people were arrested after Singapore police and customs authorities raided 22 locations on Wednesday seizing documentation and electronic records. Two Singaporeans were ultimately detained and charged with criminal conspiracy to commit fraud on a supplier of servers.
The alleged crimes essentially boil down to importing systems and saying they're for one company when in fact they'll actually be delivered to another. If these charges stick, the accused face up to 20 years in prison each, a fine, or both.in Nvidia's financial results appears to ship in a lot of chips, GPU shipments into the city state in reality accounted for less than one percent of Nvidia's $35 billion in revenue in the third quarter.
Black and grey market sales of GPUs to the Middle Kingdom have been a major point of concern for US policy makers over the past few years. Efforts to stifle Chinese development have included increasingly restrictiveon the sale of accelerators from Nvidia, AMD, and others, as well as limits on sales to nations believed to be"evasion routes" for the indirect import of controlled goods into China.the export of AI infrastructure to many middle-eastern nations for this reason.
As China embraces Big Tech again, Alibaba plans vast spend to push for artificial general intelligenceon more than one occasion. However, following the market-shaking release of Chinese AI dev DeepSeek's V3 and R1 models, the US has reportedly ramped up its enforcement efforts and launched an investigation into whether the company may have utilized restricted GPUs to train the model.
Local media reports that customs officials in Singapore are still working to determine whether or not US export controls have been violated. Sunk cost fallacy? No, I just need a little more cash for this AGI thing I’ve been working onLike a kid handing in homework at the last minute, Supermicro finally files its missing financial figuresNetwork edge? You get 64-bit Armv9 AI. You too, watches. And you, server remote management. And you...
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