China’s biggest tech corporations have cranked up capital spending on infrastructure for artificial intelligence, according to a report. Alibaba, Tencent, and Baidu had doubled expenditure to 50 billion yuan ($7 billion) in the first half, while TikTok parent Bytedance had also boosted AI spending. They are splurging on AI processors and infrastructure to meet strong demand for large-language models and data centers.
China’s biggest tech corporations have cranked up capital spending on infrastructure for artificial intelligence, according to a report. Alibaba, Tencent, and Baidu had doubled expenditure to 50 billion yuan ($7 billion) in the first half, while TikTok parent Bytedance had also boosted AI spending. They are splurging on AI processors and infrastructure to meet strong demand for large-language models and data centers.