According to Svmuu, Bloomberg reported citing sources that China is planning to invest approximately 2 trillion yuan (about $295 billion) over the next five years to build a nationwide artificial intelligence data center and unified computing network, aiming to promote the development of the domestic AI industry and enhance independent computing capabilities.
The report states that the National Development and Reform Commission and other departments are formulating a blueprint to build an interconnected national computing hub system, with state-owned enterprises such as China Mobile and China Telecom responsible for operating the main data centers. The plan requires that at least 80% of key technologies, including AI chips, use domestic suppliers, including solutions from companies like Huawei, thereby reducing reliance on US manufacturers such as Nvidia and AMD.
This plan is seen as one of China's most aggressive AI infrastructure construction initiatives to date and is a crucial component of the "Six Networks Construction" strategy proposed this year. Sources revealed that project funding will mainly come from ultra-long-term special government bonds and national strategic industry investment funds, supplemented by bank loans and social capital.
The report points out that China aims to achieve interconnectivity of decentralized data center resources nationwide by 2028, promoting the large-scale application of AI in fields such as healthcare, transportation, and urban governance. If grid upgrades and communication infrastructure construction are included in the overall plan, the total related investment scale could exceed 5 trillion yuan. (Bloomberg)
China plans to invest 2 trillion yuan in building a national AI computing network over the next five years, with domestically produced chips expected to account for over 80%
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
-
2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
3
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
4
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
5
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
6
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
7
Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
-
8
DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
-
9
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
10
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
Markets Today
Recommended Reading


