CNBC’s The China Connection newsletter: A rival AI strategy

This report from CNBC newsletter in CNBC for this week, which brings you visions and analyzes about what leads the second largest economy in the world. Like what you see? You can subscribe here.

In the United States, companies and policy makers are chasing huge investments. Openai warned that he will need 115 billion dollars until 2029While Washington has issued great ads – including billions of dollars in local pledges by Apple and Meta.

On the other hand, Beijing spends less and focuses on practical use. At the beginning of the year, Beijing has launched a national fund of artificial intelligence 60.06 billion yuan (8.42 billion dollars), and in recent weeks, it has published comprehensive plans to integrate technology through the economy and society-part of a large-scale initiative called “AI+”.

Shan Chaguang, director of the government’s information center, told reporters on Tuesday that China “enhanced its capacity to do something big.”

Even if China is behind the advanced chips, the country is on a different road against the United States, which it sees as following at the level of general intelligence at the human level.

Chan said China’s chips are “useless”, and this is enough. Supervising the Information and Industrial Development Department.

Only this week, the government announced plans for Merging artificial intelligence into the energy network and the coal sector. It relies on a broader plan issued in August to Promote artificial intelligence Through six priority areas, from industry to international consumption and cooperation.

For example, Humanoid Startup X Square Robot is calculating the Giants supported by CDB and Cas Investment among supporters The latest investment tourAccording to Operations Chief Yang Qian. On Monday, X Square Robot released an open source of robots, and announced an increase of about $ 100 million led by Alibaba Cloud.

While foreign investment slowed in Chinese startups, funds supported by local government have already increased their investments Companies operating in devicesA sharp axis of application and heavy investment for programs in previous years.

It is a story played in China before – from government policy that encourages investment and providing subsidies. In electric cars, it seems that it succeeded, despite Beijing’s recognition More than a billion yuan is lost In companies’ fraud.

The aspirations of the semiconductors in China were not very successful. More than a decade ago, McKinsey pointed out that a relative of the first Chinese government Attempts to build the chips industry since the 1990s “were mixed results Because financing and incentives plans were more focused on research and academic circles more than business. “

There was another attempt by the policy of semiconductor national conductors in 2014 less than the most ambitious goals, especially in high -end technological capabilities and complete self -sufficiency.

Outwardly, technology and developers in China have made a long time since.

Today, more than 40 % of American companies in China say their local competitors are an introduction to adopting artificial intelligence, according to the AMCHAM Shanghai survey, which is wrapped in late June. On Tuesday, the Chinese search engine giant BAIDU announced the tools of artificial intelligence directed towards the elderly.

However, analysts warn of problems caused by excessive construction.

“Our focus is more at the risk of excessive ability of Amnesty International’s infrastructure, including artificial intelligence chips and a supply chain (for example, as we believe that artificial intelligence progress in innovation on algorithm, does not indicate what is more charming,” said Zerlina Zeng, head of instructions.

“It has been proven by the success of Dembeic in presenting a competitive basic model with a bound reaching advanced chips,” said Zang.

Even before Deepseek or Openai is on the map, China put it for it Amnesty International’s Ambassadors in the 2017 PolicyIt aims to become the center of innovation in the world by 2030.

As five years have passed, the jury is still out of whether China can succeed. But this may be the third time is magic.

Exports to the United States decreased by 33 %. Instead, China sells more to Southeast Asia and Europe, but American clouds still mean total exports in China last month It has grown up since February.

Chinese EVS descends on Europe. At the IAA MOBILITY in Germany, Xpeng Xiaoping CEO told CNBC that the company is planning The global launch next year of the large -market MONA brand – which was a big batch of local delivery.

The previous securities organizer has been examined. Yi Hoiman Under investigationThe authorities said on Saturday. Chinese Business News Caixin, citing sources, said it Corruption It is likely to be associated with the ICBC bank.