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Alibaba’s US$52 billion capex seen as catalyst for China’s Big Tech in AI race

Global tech giants are eyeing the first-mover advantages in the initial stage of artificial intelligence development, Everbright Securities says.



Alibaba's US$52 billion investment in AI infrastructure is expected to catalyze China's Big Tech companies, including Tencent and ByteDance, to compete with US giants like Apple and Microsoft for leadership in AI. This investment, the largest by a private Chinese entity, aims to accelerate generative AI adoption and innovation in China, potentially giving it an upper hand in the global tech race.

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