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China's commercial hub Shanghai announced 100 billion yuan ($13.79 billion) in funds to enhance its integrated circuit, biomedicine, and artificial intelligence (AI) industries. The fund for the AI sector will concentrate on areas like intelligent chips, software, autonomous driving, and intelligent robots, as stated by Shanghai's government. The allocated money aims to support original innovation and foster the growth of globally competitive enterprises in Shanghai.
This significant investment underscores Shanghai's commitment to advancing key technological sectors crucial for future development. By focusing on cutting-edge technologies such as AI and biomedicine, Shanghai aims to position itself as a global leader in innovation and competitiveness. The government's strategic allocation of funds reflects a proactive approach to driving economic growth and technological advancement in the region.
business-reporter.co.uk 14month
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