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Tencentjoins Chinas A Ispendingracewith 2025capexboost

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. s-chinas-a-ispendingracewith-2025capexboost.html
  Print publication without navigation Published in Business and Finance on 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 ]