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
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