Logo 10 Jun 2026

China’s USD 295 billion AI buildout is old news

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Bloomberg has a scoop that isn't. On June 9, Bloomberg reported that China is preparing a five-year, RMB 2 trillion (or USD 295 billion) plan to build a nationwide network of data centers powered by at least 80% domestic chips, citing sources. The thing is: Chinese policymakers telegraphed that numb...