China is accelerating AI infrastructure spending as China Unicom (Hong Kong) (HKG:0762) plans a 28% budget increase for 2025, while Alibaba (HKG:9988) commits $52 billion over three years to AI and cloud computing development, South China Morning Post reported.
China's AI spending is rising as state firms, private companies, and local governments invest, potentially surpassing OpenAI and SoftBank's (TYO:9434) $500 billion Stargate Project over four years.
China Unicom's 2024 capital expenditures decreased by 17%, while spending on computing power increased by 19%, underscoring its focus on AI. The company aims to thrive despite chip restrictions from the US.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.