Tencent joins China's AI spending race with 2025 capex boost

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Tencent joins China's AI spending race with 2025 capex boost

//business-finance.news-articles.net/content/202 .. na-s-ai-spending-race-with-2025-capex-boost.html

Published in Business and Finance on Wednesday, March 19th 2025 at 11:21 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Chinese technology giant Tencent said on Wednesday it would boost capital expenditure in 2025, as it strengthens artificial intelligence development and infrastructure.

Tencent Holdings Ltd. has announced plans to significantly increase its capital expenditure in 2025, focusing on enhancing its capabilities in artificial intelligence (AI). This move aligns with a broader trend among Chinese tech giants to bolster their AI infrastructure amid intensifying competition in the sector. The company aims to invest heavily in computing power, which is crucial for AI development, as part of its strategy to catch up with global leaders like Nvidia and to support its various business segments including cloud computing, gaming, and social media. This escalation in spending comes at a time when China is pushing for technological self-reliance and innovation, especially in light of U.S. restrictions on technology exports to China.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/tencent-joins-chinas-ai-spending-race-with-2025-capex-boost/ar-AA1Bf7JI ]

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