China’s AI capital spending set to reach up to US$98 billion in 2025: BofA

China’s AI capital spending set to reach up to US$98 billion in 2025: BofA

Government investment is expected to account for US$56 billion, while China’s major internet firms are projected to contribute US$24 billion.

China to deploy $98bn in AI investment this year amid US tech rivalry

China’s AI investment could reach $98 billion in 2025, a 48% growth. Government funding will dominate at $56 billion, while internet companies contribute $24 billion to AI. China’s AI investment is poised to reach unprecedented levels in 2025, with forecasts suggesting the mainland could deploy between $84 billion to $98 billion in AI capital expenditure this year, according to a new Bank of America report. The surge represents a potential 48% g…