Shenzhen wants to become China’s leading city for artificial intelligence (AI) applications. Local authorities have initiated a fund of 10 billion yuan (approximately $1.39 billion USD) to encourage sector growth, a decision announced at a press conference involving prominent stakeholders and government officials.
This fund will support the advancement of AI technologies, focusing on both hardware and software, with plans to expand into robotics and machine learning in key industries like manufacturing. Financial support will also be extended to regional AI enterprises, with officials committing to cover over 50% of computing costs for qualified businesses, potentially granting each up to 10 million yuan (around $1.3 million USD) in assistance.
Beyond supporting local AI firms, Shenzhen aims for extensive AI integration, having identified 200 application scenarios and announcing an additional 100 state-backed efforts. Priority sectors include healthcare, manufacturing, emergency services, security, and sanitation. With over 2,200 AI firms in operation, Shenzhen is actively advancing its position, cultivating a vibrant ecosystem encompassing AI chip production and language model advancements, while also leading in the adoption of digital yuan for cross-border transactions.
China is intensifying its AI commitments, investing in research to achieve global standards and launching platforms like DeepSeek to rival ChatGPT amid ongoing trade tensions with the U.S. A recent report highlights a notable increase in AI investments by Asian technology firms, with a focus on enhancing productivity; these businesses have significantly escalated their AI spending within the past year. Notably, organizations prioritize ethical AI governance, reflecting a commitment to secure practices and addressing the growing concerns over regulation.
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