Home China Ramps Up AI Race With U.S.

China Ramps Up AI Race With U.S.

Share
Share

China Ramps Up AI Race With U.S.

China announced on 9th Oct that it would double its computing capacity by 2025 in order to compete with the United States in artificial intelligence and supercomputing applications.

According to a plan by six government ministries, including the strong cyberspace regulator, the second-largest economy in the world aspires to have processing power equivalent to 300 exaflops. That would increase the nation’s existing 197 exaflop computing capacity.

Exaflops, sometimes known as EFLOPs, are a measure of computing power. According to Counterpoint Research, one exaflop is equivalent to the processing capability of two million common laptop computers.

According to the Chinese ministries, more processing power would be needed to enable applications in sectors like finance and education.

The development of artificial intelligence, which requires sophisticated semiconductors to analyze enormous amounts of data, is considered as being supported by expanding processing power.

(With inputs from Shikha Singh)

Share

Latest News

News

Stablecoin Issuer Agant Registers With FCA Ahead Of GBP Stablecoin Launch

Before launching its pound-backed stablecoin, GBPA, stablecoin issuer Agant has successfully obtained registration as a cryptoasset business with the Financial Conduct Authority,...

News

Espresso Launches ESP Token With 10% Community Airdrop

With the debut of its ESP token, Espresso Network is giving away 10% of the whole supply through a community airdrop that...

News

Aave Labs Proposes Revenue Shift To Community DAO

The “Aave Will Win” governance proposal, put out by Aave Labs, would allocate all profits from Aave-branded goods to the Aave DAO...

News

Federal Reserve Researchers Suggest Crypto As Separate Derivatives Class

Federal Reserve researchers have suggested that cryptocurrencies be treated as a distinct asset class in derivatives markets. Analysts said in a recent...

Latest Blogs

Exclusive Interview: John Dagostino on India’s Crypto Future

In a world where digital assets are quickly moving from the periphery of finance to the very heart of the global infrastructure,...

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for 2025 and beyond The future direction of Bitcoin from 2025...

AI-Powered Crypto Trading Bots: The Hype, The Reality, & What Every Trader Must Know

Artificial Intelligence is transforming industries, and crypto trading is one of those affected by automation. AI-powered crypto trading bots promise emotionless execution...

Daily Trends in Web3, Crypto, AI & Blockchain

Introduction: Daily Trends in Web3 and Blockchain Technologies Web3 and blockchain technology enable users to control their data through digital standards which...

Related Articles

Exclusive Interview: John Dagostino on India’s Crypto Future

In a world where digital assets are quickly moving from the periphery...

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for...

AI-Powered Crypto Trading Bots: The Hype, The Reality, & What Every Trader Must Know

Artificial Intelligence is transforming industries, and crypto trading is one of those...

Daily Trends in Web3, Crypto, AI & Blockchain

Introduction: Daily Trends in Web3 and Blockchain Technologies Web3 and blockchain technology...