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AI boom fails to drive growth in China’s cloud market

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Signs of AI can be seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023.

Ally Song | Reuters

BEIJING — Excitement about artificial intelligence hasn’t yet fueled a boom in cloud services spending in mainland China.

“China’s cloud services market remains conservative, relying heavily on the government and state-owned enterprises to drive growth,” tech market analysis firm Canalys said in a report Wednesday.

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