China's Tech Giants in the AI Race: Alibaba, JD.com, and XPeng in the Fast Lane!
Reading Time: 3 minutes
While the USA is investing hundreds of billions in artificial intelligence, China is taking a different approach: efficiency instead of capital brute force, pragmatic applications instead of visionary breakthroughs. With massive energy subsidies – electricity costs for large data centers decreasing by up to 50% – Beijing is supporting its tech champions in the global AI race. The result: Chinese companies are rapidly catching up despite the US chip embargo and could offer more cost-effective solutions in the long run. Alibaba is going all in:...
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