A Crazier-Than-P2P Bubble In China Is Bursting! AI And Smart Computing Centers Are Failing
A Crazier-Than-P2P Bubble In China Is Bursting! AI And Smart Computing Centers Are Failing
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Statistics show that in the first quarter of 2025, China had 165 AI computing center projects with new activity. Of these, 58% (95 projects) remained in approved or planning stages, 33% (54 projects) were under construction or near production, and only 16 centers—less than 10%—were actually operational or in trial runs.
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