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China’s AI Capex to Hit 700 Billion Yuan in 2025 Amid US Tech Rivalry - Fintech Hong Kong
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China’s AI Capex to Hit 700 Billion Yuan in 2025 Amid US Tech Rivalry - Fintech Hong Kong
Capital expenditure on AI in China is expected to reach between 600 billion yuan and 700 billion yuan (US$84 billion to US$98 billion) in 2025, according to a report by Bank of America (BofA), as Beijing accelerates its push to rival the United States in a critical technology race. The South China Morning Post reported that this projection would mark up to a 48% increase from 2024 levels, reflecting a sharp rise in enthusiasm for AI development …
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