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state-backed AI fund China

Shanghai’s Pudong Unveils $279M AI Seed Fund to Back Risky Startups

July 28, 2025 by Aarohi Minj
Shanghai’s Pudong Unveils $279M AI Seed Fund to Back Risky Startups

China is doubling down on tech self-reliance—and Pudong just made a bold move. A ¥2 billion ($279M) state-backed AI fund has launched to fuel high-risk, early-stage AI startups. From robotics to autonomous systems, here’s why it could reshape Shanghai’s role in global AI. Key Takeaways … Read more

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