Alibaba's Home Province Launches $138 Billion AI Push To Double China's Industry Output By 2027

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Alibaba's Home Province Launches $138 Billion AI Push To Double China's Industry Output By 2027 - Benzinga

Quick Summary:

Alibaba Group Holding (NYSE:BABA) and DeepSeek’s home province Zhejiang introduced a comprehensive policy package to accelerate artificial intelligence (AI) research, industrial growth, and talent acquisition.

Major companies in the AI supply chain, including those responsible for large language models, cloud computing, and semiconductors, could potentially generate combined operating revenues of over 1 trillion yuan ($138.

The Guangdong city of Shenzhen is home to tech firms, including Tencent Holdings TCEHY and Huawei Technologies.