Ray Wang Profile picture
Jan 25 3 tweets 2 min read Read on X
China's New AI Industry Development Action Plan (中国银行支持人工智能产业链发展行动方案) Will Provide 1 trillion yuan ($ 137 billion) to support its AI industry over the next five years 🇺🇸🇨🇳

This might be the most important Chinese AI policy initiative in 2025 so far. /1 Image
This comes as Arm, Microsoft, NVIDIA, Oracle, and OpenAI unveil their $100B "Stargate" project, while China's DeepSeek R1 makes waves, surprising both the industry and policymakers. /2

@OpenAI @deepseek_ai @Oracle @Microsoft @nvidia @Armopenai.com/index/announci…
The U.S.-China tech competition and AI arms race are set to escalate, as well as broader competition between the two superpowers. /end

Bank of China Official Statement: bankofchina.com/aboutboc/bi1/2…Image

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