China Plans Big AI, Computing Buildup in Boon for Local Firms

(Bloomberg) — China aims to grow the country’s computing power by more than a third in less than three years, a move set to benefit local suppliers and boost technology self-reliance as U.S. sanctions pressure domestic industry.

The world’s second-largest economy is targeting more than 300 exaflops of computing capacity across its tech sector by 2025 from 220 this year, according to a joint statement from several agencies including the Ministry of Industry and Information Technology. The goal marks Beijing’s latest attempt to construct digital infrastructure to spur a sluggish economy.