China Ramps Up AI Push, Eyes $1.4tn Industry By 2030

China’s plan to be the world’s major AI innovation centre by 2030 is gathering pace, as it targets its core AI industry being worth more than $140.9 billion in just six years time and its related industries exceeding over $1.38 trillion in value, state-backed Xinhua reported.

Beijing has introduced a raft of scientific and technological research policies and ploughed funds into R&D, application promotion and industrial development, as it bids to catch up with its superpower rival the US, the story went on.

Now the AI push is being taken on by its cities with Beijing speeding up its investment in key core technologies and other regions such as Guangdong, Shanghai, Jiangsu, Anhui and Sichuan also looking to seize AI opportunities.

Read the full story: Xinhua

By Sean O’Meara

Also on AF:

China Central Bank Announces $70 Billion Loans For Tech Sector

China ‘Closing Gap’ on US in Quantum Technology Race – SCMP

AI Fever Sees Chip Firm Nvidia Close in on Apple’s No2 Ranking

China’s Secret Drive to ‘Delete America’ From Its Tech – WSJ

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.