China Plans $295 Billion Investment to Boost AI Infrastructure
China is preparing to invest approximately $295 billion over the next five years to expand its national data-center network, as part of its 'AI Plus' strategy. This initiative aims to enhance economic productivity by integrating AI across various sectors. The plan involves building a network of interconnected computing hubs, primarily operated by state firms like China Mobile and China Telecom. The investment will focus on using local suppliers for AI chips, reducing reliance on foreign technology. This move is part of China's broader strategy to strengthen its AI capabilities and compete globally. 
