Unveiled: Singapore Court Grants Bail in Shocking $390M Nvidia Chip Smuggling Fraud

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BitcoinWorld 2d ago

Unveiled: Singapore Court Grants Bail in Shocking $390M Nvidia Chip Smuggling Fraud - BitcoinWorld

Quick Summary:

The tech world is reeling from a shocking revelation in Singapore, as a court grants bail to three individuals implicated in a massive $390 million Nvidia chip smuggling operation.

Despite US export restrictions, there are concerns about how and where DeepSeek and other Chinese AI companies are sourcing the necessary hardware to power their AI innovations.

The investigation is likely to delve into financial records, shipping manifests, communication logs, and potentially involve international cooperation to trace the flow of servers and chips.