US chip ban hangs over Shanghai’s new AI center – Asia Times

Shanghai’s municipal government has opened an intellectual property center to serve local and global artificial intelligence (AI) companies and boost China’s metaverse technology potential.

AI is one of the three key industries that the Shanghai government plans to develop over the next decade, along with the biomedical and semiconductor sectors. AI development will also be key to spurring China’s smart vehicle and IT sectors.

An Hui, deputy chief engineer at China Electronics Information Industry Development Academy, said in June this year that China’s AI sector revenues reached 200 billion yuan (US$28 billion) last year and would exceed 600 billion yuan by 2026.

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