China Prepares $295 Billion AI Buildout Amid Escalating Tech Rivalry and Export Curbs

Key Intelligence

• ■China is reportedly preparing a $295 billion state-directed plan to fund a nationwide AI buildout, including extensive data center networks and power-grid investments.
• ■The initiative aims to accelerate China's AI capabilities and reduce its reliance on foreign technology, potentially impacting major chipmakers like Nvidia and AMD.
• ■Taiwan is reportedly considering implementing its own restrictions on AI chip exports to China, aligning with US efforts to curb Beijing's access to advanced semiconductors.
• ■Reports indicate Beijing is escalating its AI espionage efforts to close the technology gap with the United States.