The Beijing-based technology group plans to invest 160 billion yuan (approximately SEK 212 billion) in AI next year, up from 150 billion yuan this year, the Financial Times reports, citing two sources.
About half of the investment will go to purchasing advanced semiconductors to develop AI models and AI apps, the sources said. The tech group also plans to invest 85 billion yuan in AI processors, although it is uncertain whether it will be able to buy chips from American Nvidia.
