China prepares $295 billion plan to fund nationwide AI buildout (opens in new tab)

China is preparing to spend around 2 trillion yuan ($295 billion) over the next five years on building data centers across the country, fueling Beijing’s ambition to propel the domestic AI sector and surpass the US in a potentially game-changing technology. Key government agencies including the National Development and Reform Commission are drafting a blueprint […] The post appeared first on <a href="