>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Shanghai will support the development of investment in the private sector and encourage private enterprises to participate in infrastructure construction for data processing and computing power related to AI, as well as fully guiding the role of AI technology in industry innovation, according to a guideline released by the local government on Tue
The capital city of Beijing vowed to speed up building a globally influential source of AI innovation and focus on substituting imports with homegrown products and making new technological breakthroughs, the city said in a plan on Tuesday.
By 2025, the market share of self-developed basic hardware and software products such as AI chips and deep-learning frameworks will rise significantly, and computational chips will achieve self-sufficiency, according to the plan. Beijing also vowed to take measures to accelerate construction of AI-related public computing power center and digital economy computing power center and aims to build a core AI industry with a scale of 300 billion yuan ($42.37 billion) by 2025, with continued growth of more than 10% annually.
On Wednesday, Shenzhen issued a roadmap for accelerating high-quality development and application of AI technology in 2023 – 2024, in which Shenzhen will coordinates efforts by the government, enterprises, research institutes and universities to build a computing power management platform in the Guangdong-Hong Kong-Macao Greater Bay Area.