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China targets 50% boost in computing power as AI race with U.S. ramps up - TL;DR CNBC

China targets 50% boost in computing power as AI race with U.S. ramps up

Publishing timestamp: 2023-10-09 07:22:29


Summary

China plans to increase its computing power by 50% by 2025 in order to keep pace with the U.S. in artificial intelligence and supercomputing applications. The country aims to have computing capacity equal to 300 exaflops, up from the current 197 exaflops. This increased computing power is seen as crucial for supporting the development of artificial intelligence and driving economic output. However, China's ambitions may be hindered by U.S. sanctions that restrict access to critical semiconductors.


Sentiment: NEUTRAL

Tickers: 700-HK,  BABA,  NVDA, 

Keywords: enterprise,  generative ai,  united states,  nvidia corp,  tencent holdings ltd,  supercomputing,  artificial intelligence,  alibaba group holding ltd,  business news,  computing and information technology,  internet,  technology,  china, 

Source: https://www.cnbc.com/2023/10/09/china-targets-boost-in-computing-power-as-ai-race-with-us-ramps-up.html


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