Beijing sets up $13.7b fund to boost AI, robotics innovations

Beijing sets up $13.7b fund to boost AI, robotics innovations

FILE PHOTO: A message reading "AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Beijing has launched a 100 billion yuan ($13.7 billion) fund to invest in artificial intelligence (AI), robotics, and “other industries of the future”, making it the latest mega-sized industry fund set up by a regional government after DeepSeek’s AI breakthrough.

Edited by: Pramod Mathew

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