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China plans ‘aircraft carrier-sized’ govt guidance fund to pool $137.9b into AI, quantum tech

China plans ‘aircraft carrier-sized’ govt guidance fund to pool $137.9b into AI, quantum tech

FILE PHOTO: The logo of DeepSeek is displayed alongside its AI assistant app on a mobile phone, in this illustration picture taken January 28, 2025. REUTERS/Florence Lo/Illustration/File Photo

China is building an “aircraft carrier-sized” national government guidance fund to pool nearly 1 trillion yuan ($137.9 billion) of long-term private and public funding to invest in cutting-edge technologies including AI and quantum technology, stated state media CCTV, citing a top government official.

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