Bloomberg: Kimi has leased top-tier NVIDIA B300 chips in China, with 32 servers valued at 432 million yuan.
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Beating AI News Brief: According to Bloomberg, Chinese AI startup Moonshot (Kimi) has successfully obtained access to NVIDIA’s top-tier B300 chips in China. Bloomberg obtained two financing contracts filed with regulatory databases, showing that 32 Supermicro servers equipped with B300 chips are located in Qingyang, Gansu Province, with a total valuation of 432 million yuan. The B300, part of NVIDIA’s Blackwell Ultra series, is a high-end AI chip subject to strict U.S. export restrictions to China. The average valuation per server is 13.5 million yuan, roughly 350% higher than the market price of comparable U.S.-made products. The contracts were signed in August this year. The servers are held by Lingmeixin (Beijing) Technology Co., Ltd., which secured a 200 million yuan loan from Beijing Zhongguancun Bank. Collateral for the loan includes the servers as well as a computing power service contract signed with Moonshot, involving 345.6 million yuan in expected revenue. Lingmeixin was previously engaged in businesses such as drones and computer vision. It purchased the servers from a newly established subsidiary of Beijing Chunju Technology, a firm that was previously focused on e-commerce for liquor products like Moutai before expanding into AI operations. The documents do not disclose where these U.S. export-controlled servers were originally sourced. After Bloomberg reached out to Moonshot, Lingmeixin, and the bank on November 3, Moonshot’s name was removed from the relevant regulatory documents. Moonshot denied involvement in or authorization of the financing and collateral arrangements, stating that it currently has no business relationship with Lingmeixin and was unaware of these deals. NVIDIA and Supermicro said the companies involved in the procurement are not their clients.
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