China Launches $8.2 Billion AI Fund to Boost Early-Stage Innovation

Scale AI CEO Alexandr Wang issues stark warning about America’s need to keep pace with China on AI

Alexandr Wang, the world's youngest self-made billionaire and CEO of the $14 billion company Scale AI, is unnerved by Chinese advancements in AI — and what it could mean for the security of America's utilities.

China's $8.2 Billion Fund Targets AI Startups In The Race For Global Tech Leadership

China sets up $8.2 billion fund for AI projects, signaling its determination to lead the global race. It comes amid trade tensions and focus on tech self-sufficiency.

New AI fund in China to pour US$8 billion into early-stage projects

The AI Industry Investment Fund was established by the industry and finance ministries with money from the Big Fund.

Inside China's State-Backed $8.2 Billion AI Investment Strategy

China has launched a 60 billion yuan ($8.2 billion) state fund focused on early-stage AI projects, marking a significant step in Beijing's state-led approach to technological advancement.

Guangdong to further support AI firms

South China's Guangdong province will spare no effort to support artificial intelligence and robotics companies in achieving breakthroughs in technology industrialization, product marketing and service commercialization in the coming months.

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