The initiative is designed to anchor Beijing’s AI Plus strategy, which calls for AI to be woven into the industrial fabric of the economy.

China is drafting a ~$295bn five-year plan to build a national AI data-centre network run on 80% homegrown tech, squeezing out Nvidia and AMD.

The initiative is designed to anchor Beijing’s AI Plus strategy, which calls for AI to be woven into the industrial fabric of the economy.

The build-out could represent China’s most aggressive plan yet to secure the future of its AI industry, Bloomberg reported.

"The over-arching plan represents Beijing's most aggressive endeavor yet to lay the foundation for future Chinese AI development."

China's new five-year policy blueprint laid out its ambitions to aggressively adopt AI

China plans to invest roughly $295 billion in a nationwide AI data center network over the next five years, Bloomberg reports. At least 80 percent of the technology would come…

Beijing's spending ambitions run into the reality of limited chip output.

China plans to invest $295B over five years in a national AI data center network, requiring 80% domestic sourcing including Huawei chips amid US tech