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flag Shenzhen launches $1.39 billion fund to boost AI and robotics, aiming to lead global innovation.

flag Shenzhen, China's tech hub, plans to launch a 10 billion yuan ($1.39 billion) fund to boost its AI and robotics sectors, aiming to become a global innovation leader. flag The fund will support AI software, hardware, and embodied intelligence, and cover up to 60% of computing costs for businesses. flag Shenzhen also plans to roll out 100 new AI applications in 2025, focusing on areas like sanitation, emergency response, and healthcare. flag The city, home to over 2,200 AI companies, seeks to build a collaborative innovation ecosystem.

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