Shenzhen sat seeds for China's next technical breakthroughs with AI, robotic financing

Shenzhen – often celebrated as China's Silicon Valley – has undertaken to increase his investments in talent development with a special focus on humanoid robotics, part of a growing global competition in technology, in which robots and artificial intelligence (AI) will act as main slaughter devices.

The Southern Metropolis is preparing to implement a “comprehensive policy package” for start-ups that aim at strengthening innovation, said Lin Yi, director of Shenzhen Ai Indus-Bustüos, at a press conference of the city government on Sunday.

Lin added that Shenzhen will offer subsidies for the AI ​​field, including vouchers, which cover up to 60 percent of the costs of training a AI model with a maximum of 10 million yuan (1.38 million US dollars).

The initiatives arise in the middle of China's escalating efforts to secure a leading position in the rapidly advancing global AI and robotics races.

Shenzhen is located in the southern province of Guangdong and houses a flourishing technology sector, which is supported by a robust network of start-ups, research institutions and established tech giants such as Huawei Technologies and Tencent.