The new AI fund’s scope of business includes general equity investment and asset management, according to the registry service, which did not provide any details.
Its creation reflects Beijing’s determination to advance the nation’s AI capabilities, despite greater tech restrictions imposed by Washington.
Bejing made AI a national priority amid a heightened tech war between the world’s two largest economies. While the central government shores up its support for the nascent sector with…
Article Source
https://www.scmp.com/tech/big-tech/article/3295513/tech-war-china-creates-us82-billion-ai-investment-fund-amid-tightened-us-trade-controls?module\u003dTech War\u0026pgtype\u003dsection
