Financial Times:

Chinese tech giants splurge on AI infrastructure, doubling their 2024 capex; Alibaba, Tencent, and Baidu had a combined capex of ~$7B in H1 2024, up 50%+ YoY  —  Alibaba reports artificial intelligence servers running at full capacity, while ByteDance buys limited-power Nvidia chips in bulk

Financial Times:

Chinese tech giants splurge on AI infrastructure, doubling their 2024 capex; Alibaba, Tencent, and Baidu had a combined capex of ~$7B in H1 2024, up 50%+ YoY  —  Alibaba reports artificial intelligence servers running at full capacity, while ByteDance buys limited-power Nvidia chips in bulk

Source: TechMeme
Source Link: http://www.techmeme.com/240826/p3#a240826p3