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Shenzhen, often referred to as China's Silicon Valley, is intensifying its investment in talent development, particularly in humanoid robotics. The city plans to implement a comprehensive policy package aimed at supporting start-ups and fostering innovation in the AI sector. This initiative includes subsidies covering up to 60% of AI model training costs, with a maximum of 10 million yuan available.
In response to increasing competition from other cities like Hangzhou, which has seen success with AI start-ups such as DeepSeek, Shenzhen is mobilizing 4.5 billion yuan in policy funding this year. The city aims to create a favorable environment for innovation by attracting young talent through various incentives, including cash rewards for hiring top-tier professionals and extended free accommodation for recent graduates.
• Shenzhen offers subsidies for AI model training costs up to 10 million yuan.
• The city aims to attract young talent with various financial incentives.
Humanoid robotics refers to robots designed to resemble and mimic human behavior, which Shenzhen is focusing on for innovation.
AI model training involves teaching algorithms to recognize patterns, which Shenzhen supports through financial subsidies.
Venture capital is funding provided to startups, which Shenzhen encourages to foster innovation and economic growth.
Huawei Technologies is a leading global provider of telecommunications equipment and consumer electronics, contributing to AI advancements in Shenzhen.
Tencent is a major player in internet services and products, heavily investing in AI research and development within Shenzhen.
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