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Cloud 5 days ago

Tencent announces $70bn tech infrastructure spending spree Chinese technology group Tencent Holdings has announced plans to invest $70bn upping its capabilities in cloud computing, AI, blockchain, IoT and quantum computing over the next five years. As part of the investment, announced on WeChat this week, Tencent said it will spend billions building hyperscale data centres, supercomputers and sprawling 5G networks.

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