Financial Times:

Chinese tech giants splurge on AI infrastructure, doubling their capex in 2024; Alibaba, Tencent, and Baidu had a combined ~$7B capex in H1 2024, up 117%+ YoY  —  Alibaba, Tencent and Baidu focus on buying infrastructure related to powering the training of large language models

Financial Times:

Chinese tech giants splurge on AI infrastructure, doubling their capex in 2024; Alibaba, Tencent, and Baidu had a combined ~$7B capex in H1 2024, up 117%+ YoY  —  Alibaba, Tencent and Baidu focus on buying infrastructure related to powering the training of large language models

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