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China Boosts AI with State Fund Amid US Controls

3/7/2025

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Summary

Story summary

China is ramping up its AI ambitions, with a strong emphasis on developing homegrown chips and sophisticated language models, according to iFlytek's Liu Qingfeng. To fuel this innovation, the government is launching a state-backed fund. In response, the U.S. is tightening export controls to safeguard its AI dominance against this growing competition.

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Story summary

China is ramping up its AI ambitions, with a strong emphasis on developing homegrown chips and sophisticated language models, according to iFlytek's Liu Qingfeng. To fuel this innovation, the government is launching a state-backed fund. In response, the U.S. is tightening export controls to safeguard its AI dominance against this growing competition.