The artificial intelligence sector in China has entered a new phase intensifying AI competition with the United States, as Chinese megacities launch massive subsidy programmes. At the same time, domestic firms are hoping to reduce their dependence on US technology. The stakes extend far beyond technological supremacy, with both nations viewing AI dominance as critical to future economic and strategic power.
Shanghai’s US$139 million AI investment gambit
Shanghai has unveiled an ambitious one billion yuan (US$139 million) subsidy programme for its artificial intelligence industry, marking the latest in the technological race as major cities in China engage in fierce AI competition for dominance.
The comprehensive package allocates resources in…
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