China Invests $8.2 Billion to Global AI Dominance

Posted under: Digital Transformation
Date: 2025-01-23
China’s $8.2B Push for AI Dominance| Justo Global

China established a 60 billion yuan ($8.2 billion) AI investment fund, aiming for AI self-sufficiency amid U.S. tech restrictions. This move intensifies the U.S.-China tech rivalry, impacting companies like Nvidia and TSMC. The fund seeks to boost domestic AI development and reduce reliance on U.S. technology, potentially disrupting global supply chains.

Read more at: epsnews.com