China's 295 Billion Offensive: Who Will Win the AI Race Now!
Reading Time: 3 minutes
China is preparing for a major offensive. According to information from Bloomberg, Beijing is set to launch an investment program of approximately 2 trillion yuan – about 295 billion USD – to establish a nationwide network of data centers over five years. Unlike in the USA, where President Donald Trump largely leaves AI development to private companies, the state is taking charge here: Authorities such as the NDRC Reform Commission are drafting the construction plans, state firms like China Mobile and China Telecom operate the facilities, financed...
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