Alibaba’s US$52 billion capex seen as catalyst for China’s Big Tech in AI race

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Alibaba’s US$52 billion capex seen as catalyst for China’s Big Tech in AI race - SCMP

Quick Summary:

Global tech giants are eyeing the first-mover advantages in the initial stage of artificial intelligence development, Everbright Securities says.

The massive investment in AI infrastructure may be about “democratising generative AI [GenAI] to the local markets”, according to Su Lian Jye, chief analyst at research firm Omdia.“As China and the US are the two largest single markets, investing in AI data centres allows vendors like Alibaba, Apple, and OpenAI to tap into the economies of scale and offer their services at a much cheaper cost,” Su added.“Whichever market can accelerate GenAI adoption and innovation will have an upper hand in the tech race.

Alibaba, based in Hangzhou in eastern Zhejiang province, owns the South China Morning Post.