China bets $295 billion on homegrown AI infrastructure to close gap with United States
China plans 2 trillion yuan investment in nationwide AI data center network over five years
State-owned companies will build most facilities, with at least 80% of technology sourced from domestic suppliers
Debt-funded initiative aims to displace American hardware giants like Nvidia from China’s AI infrastructure
Nine homegrown AI chips from Huawei and others have passed security reviews, boosting domestic adoption
Project will integrate power grid and public services, signaling Beijing’s resolve to challenge U.S. tech leadership
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