Special stock groups in the United States have invested billions of dollars in data centers that serve the owner of Tiktok bytedance, in the madness of deals now threatened through an American campaign that Chinese companies reach the best chips.

Blackstone, Bain Capital, Warburg Pincus and General Atlantic supported companies that run Malaysian data centers calculated by Beijing -based BYTEDANCE as a tenant, according to four people with arrangements.

Some have done so without knowing if it was Bensanis It has been used, or plans to use, sites to exploit a legal vulnerability to reach high -end NVIDIA chips because it develops its artificial smart capabilities.

Chinese companies have been prevented from buying the highest -performance NVIDIA chips outside the United States since 2023. But they have been able to secure them legally by renting space in databases abroad, often in Malaysia, which contains chips owned by third -party companies.

The vulnerability is to be closed in May through the rules that prevent Chinese groups not only from possessing this advanced American technology, but also from reaching it to help build large language models transferred to China.

The rules were issued by the Joe Biden administration just before leaving it.

If you want to create a data center in Malaysia with NVIDIA[chips]. . . You will have to meet these types of safety requirements that include not allowing [China] Alan Estevies, then the American Trade and Security Administration, told the Financial Times before leaving last month that training large language models on these data groups.

The type of chips used in data centers is not clear, and private stock groups do not always know, partially because the data center companies do not have the chips or rent them to customers.

However, many people who have knowledge of the FT issue have been told that the BYTEDANCE plans to use databases in Malaysia to reach high -end NVIDIA chips.

The acquisition groups tend to take the view that “you are providing an electricity building and the cooling system. A servant said in the server is not your work.”

In recent years, BYTEDANCE is used to grow for databases outside China, especially in Malaysia, as it becomes a major player in the artificial intelligence race in China. It plans to make great requests to build its capacity abroad from artificial intelligence this year, including through these lease agreements, FT I mentioned last month. Separately, General Atlantic in Poetz invested itself.

“There was a cat and mouse game where [US] “The Trade Department has modified the parameters to capture the chips,” said Matt Rabinovich, a partner at the law firm Bilsbury.

Under the new rules, the identity of both owners and chips used in data centers will have to have a review process to ensure compliance.

It is not clear whether US President Donald Trump, who ascended measures against China in his first term, would change the regulations governing and using chips.

One of the advisers said that the rules are full of industry.

However, the high demand for databases worldwide may fill the gap.

Global private stock groups have been racing to invest in databases in recent years, even with the slowdown of other deals, as they were drawn to the possibility of exposure to the increasing use of the Internet and the prosperity of artificial intelligence.

They have tried to stay away from complex and packed works by supporting companies that run the material buildings of data centers, but they do not have chips at home.

“We have no vision or impact on the servers and equipment that our customers prove in data centers,” said Brenston Digital Group, Warburg Pinkos Data Center operator.

Payne said that its governor’s companies were unable to reach the servers inside the data centers that are managed by them, adding that they “are compatible with the relevant laws and regulations in all the judicial states that we work.” Blackstone and General Atlantic refused to comment.

Bytedance is the tenant in the data center in Johour, a state in southern Malaysia, owned by a unit from the company Bain Capital Portfolio Wintrix. He is also a tenant in many other facilities in Johur, including those run by the BlackStone, PDG and Epoch Digital, run by General Atlantic’s infrastructure manager.

Bytedance plans to spend more than $ 12 billion on Amnesty International’s infrastructure this year, with 6.8 billion dollars from those allocated to investment outside China. But the rules of the United States can complicate this investment.

The company told FT: “Bytedance corresponds to all the laws and regulations in force,” the company told FT.

Warburg Pincus has agreed to invest up to $ 300 million in PDG in 2017 and since then more money is injected. BlackStone completed 24 billion dollars ($ 15 billion) Seventy Artrung acquisitionIt has sites in Malaysia, Singapore, Hong Kong, Australia and Japan, in December.

Chinese Bain Chindata was bought in 2019, integrating it with bridge data centers and the joint company on the Nasdaq Stock Exchange was included in 2020. It took the joint company, now known as Wintrix, rated $ 3 billion in 2023.

General Atlantic completed the purchase of Actis last year.