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How China hits hard to power its AI ambitions post-Nvidia

China is accelerating its drive for technological self-sufficiency by subsidizing electricity costs for data centers that use domestic AI chips, even though they consume far more power than Nvidia’s. The initiative seeks to ease financial pressure on major tech firms such as ByteDance, Alibaba, and Tencent after Beijing’s ban on Nvidia’s processors, while advancing the nation’s local semiconductor ecosystem.