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THE NVIDIA AI GPU BLACK MARKET (2025)

THE NVIDIA AI GPU BLACK MARKET | Investigating Smuggling, Corruption, & Governments

NVIDIA (NVDA) GPUs have become so in-demand for so-called "AI" workloads that a black market has emerged around them. Where there's prohibition, there's smuggling, and there's money to be made for everyone in the chain. We found smugglers, users, fences, middlemen, and institutions in China, Taiwan, and the US involved...