China to Invest 1 Trillion Yuan ($140 Billion) in AI Development Over 5 Years in Response to U.S. $100 Billion Plans

Jan 27, 2025, 12:52 PM

China has announced a substantial investment plan of 1 trillion yuan (approximately $140 billion) aimed at advancing artificial intelligence technologies over the next five years. This initiative is seen as a direct response to recent announcements from the United States regarding significant investments in AI development, which include a proposed $100 billion investment that could gradually increase to $500 billion. The funds allocated by China will support the development of innovative neural networks and AI startups, marking a notable escalation in the global AI race.