00:00China ramping up its AI ambitions, planning to spend 300 billion dollars over the next five years building data centers.
00:06Bloomberg's Neil Kampling joins us now for more. Sounds like a massive amount, Neil, but for China, I mean, it's
00:11a massive country. They would need it. I mean, put it in context for us. How much would they need?
00:18Sure. Morning, buddy. I think it's a big number in principle, 295 billion, but that's over five years to spend
00:25on building out a nationwide AI data center infrastructure. Let's put that number in context. In the US, the hyperscalers
00:33are going to spend over 700 billion dollars this year alone. So far larger than we're talking about in terms
00:39of China and their efforts to really build out their own self-reliance so that they don't need to buy
00:45as many of the AI chips.
00:46NVIDIA and others. But the number themselves probably is not as great as needed to be in future if they
00:54really want to have ambitions to try and match the US in terms of size and scope for the AI
01:00opportunity, I think.
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