Global AI infrastructure investment could reach $31.6 trillion by 2050 as spending on data centres, chips and computing capacity accelerates, PwC projects.
Alibaba plans to raise about $10.2 billion through a Hong Kong share placement, with all net proceeds earmarked for AI capabilities and infrastructure.
Alibaba has launched Qwen3.8-Max, its most advanced AI model, claiming breakthrough performance as competition with leading US AI companies intensifies.
DeepSeek faces restrictions on Nvidia AI training chips as export controls tighten, highlighting the impact of semiconductor policy on global AI development.
McKinsey halts generative AI consulting work in China amid rising US scrutiny, reflecting broader tech decoupling between American firms and the Chinese market.
