China is preparing an AI plan worth thousands of billions of yuan

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China is preparing an AI plan worth thousands of billions of yuan
Photo: Michel Euler

The aim is to strengthen the domestic AI sector and surpass its competitor, the United States. State-owned companies such as China Mobile and China Telecom will be responsible for most of the operations, according to sources at the news agency.

At least 80 percent of the technology, including AI chips, will come from domestic suppliers. This would benefit Huawei and effectively shut out American competitors such as Nvidia and AMD, according to the sources.

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TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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