Jagmeet Singh / TechCrunch : India approves a $1.1B state-backed VC fund to finance high-risk areas like AI and advanced manufacturing, doubling down on an effort that debuted in 2016 — India has cleared a $1.1 billion state-backed venture capital program that will channel government money into startups through private investors … from Techmeme https://ift.tt/a0rJTQm via IFTTT
Analysis: despite investing $150B+ in 10+ years, China is expected to produce 2% of global AI chips in 2026 and 70x less memory storage than foreign chipmakers (Meaghan Tobin/New York Times)
Meaghan Tobin / New York Times : Analysis: despite investing $150B+ in 10+ years, China is expected to produce 2% of global AI chips in 2026 and 70x less memory storage than foreign chipmakers — More than a decade into Beijing's push for self sufficiency, Chinese firms are producing fewer, lower-performing chips than their foreign competitors. from Techmeme https://ift.tt/c7qQZGd via IFTTT