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China says it will increase support for AI, science and tech innovation

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China said on Wednesday it would boost support for the application of artificial intelligence (AI) models and the development of venture capital investment, in a bid to foster more technology breakthroughs and become more self-reliant.

The plans were included in a government document prepared for the annual meeting of the National People’s Congress (NPC), China’s rubber-stamp parliament.

The country wants to foster “industries of the future” including biomanufacturing, quantum technology, embodied AI and 6G technology, the report said. To do so,…

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