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Huawei readies $1.5bn to hire army of cloud developers

September 18, 2019 / CHENG TING-FANG

China's Huawei Technologies is gearing up to take on its U.S. and Chinese competitors in cloud computing as it unveiled what it claims is the world's fastest AI computing chipset center and pledged $1.5 billion to recruit software developers for its computing systems.The new venture by the China's largest technology company will compete with U.S. companies Amazon and Google, and China's Alibaba and Tencent, and comes amid rising scrutiny by Washington that could see Huawei lose access to U.S. technology and code.Although Huawei is the world's biggest telecom equipment maker and the second-largest smartphone maker, it is a newcomer to cloud computing, a business that it entered just two years ago.Ken Hu, Huawei's rotating chairman, also unveiled on Wednesday at an annual conference what he claimed to be the world's fastest AI training cluster, the Atlas 900, which combines the power of thousands of its Ascend processors.