Sources: China offers to cut data center power bills by up to 50% to Alibaba and others, if they use local chips like Huawei's over foreign ones like Nvidia's (Financial Times)
PositiveArtificial Intelligence

China is making a significant move to support its tech industry by offering to reduce power bills for data centers by up to 50% if companies like Alibaba use local chips such as Huawei's instead of foreign options like Nvidia's. This initiative not only aims to bolster domestic chip manufacturing but also reflects China's strategy to enhance its technological independence. It's a win-win for local businesses looking to cut costs while promoting homegrown technology.
— Curated by the World Pulse Now AI Editorial System










