China’s capital Beijing to provide subsidies for purchases of home-made AI chips

2024-04-26 2024-05-01

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China's capital city Beijing will provide subsidies for companies that purchase domestically-produced artificial intelligence (AI) chips, according to a documents released by the Beijing Municipal Bureau of Economy and Information Technology dated April 24, without specifying the sizes of subsidies.

"Companies that purchase domestically controlled GPU chips for intelligent computing services will receive support based on a certain percentage of their investment," the document showed, referring to chips known as graphics processing units (GPUs).

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