China may have approved Nvidia H200 AI GPU for startup that wiped out $600 billion from American chipmaker’s market value

China has reportedly granted conditional approval for AI startup DeepSeek, along with ByteDance, Alibaba, and Tencent, to purchase Nvidia’s H200 chips. This comes a year after DeepSeek’s R1 model release reportedly caused a significant drop in Nvidia’s market value. Beijing’s final decision on the import conditions, which may include bundling domestic accelerators, is pending.