In a move to boost the development of domestic artificial intelligence (AI) chips, Beijing city has announced plans to provide subsidies for local companies in this sector. The initiative aims to achieve self-reliance in AI chip technology by the year 2027.
China has been actively working towards reducing its dependence on foreign technology, particularly in critical areas such as AI chips. By supporting local companies in the development and production of AI chips, Beijing hopes to strengthen its technological capabilities and reduce reliance on imports.
