China’s big tech boosts AI spending amid US limits
Alibaba and ByteDance are significantly increasing investments in AI infrastructure, with Alibaba’s capex rising 123% to RMB 23 billion and ByteDance purchasing large quantities of lower-power Nvidia chips. Despite US export restrictions, Chinese tech companies are adapting by investing in domestic startups and acquiring alternative processors to continue their AI advancements. OUR TAKEThe substantial increase…