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The special mother fund for the AI industry in Jiangsu Suzhou (Limited Partnership) has officially completed industrial registration. This move marks an important step in Suzhou's capital layout in the field of artificial intelligence. The fund, established by the Joint Venture of Jiangsu Strategic Emerging Industries Mother Fund Co., Ltd. with multiple institutions, has a total scale of up to 6 billion yuan. Its main investment directions include key areas such as computing infrastructure construction, data, talent, and electricity, with a particular focus on the integration of "Artificial Intelligence + Manufacturing" and promoting applications in finance, education, healthcare, elderly care, tourism, and culture.

The UK government recently announced the launch of an artificial intelligence tool named 'Consult'. This tool will be used to quickly analyze feedback from the public on government consultations. It is the first time this tool has been used in government consultations, aimed at saving costs and time for personnel. Initially, the Consult tool was applied by the Scottish government to collect public opinions on the regulation of non-surgical cosmetic procedures (such as lip fillers). Image source note: The image was generated by AI, with the image authorization service provider being Midjourney. According to the government's statement, Consult can...

Recently, the UK government suffered a major setback in its efforts to push forward with AI-related legislation. The House of Lords proposed an amendment to the government's Data (Usage and Access) Bill aimed at strengthening protection for content creators, which has garnered widespread attention and discussion. Under current laws, the Labour Party government is seeking to introduce a copyright exception clause that would allow commercial generative AI to access relevant data during model training without requiring permission from creators. This proposal has sparked

According to investment industry sources, on April 21, 01VC announced the first close of its new RMB 500 million fund, receiving strong support from state-owned assets, market-oriented mother funds, and listed companies across multiple regions. This is the first RMB fund raised by the middle-generation managing partners of 01VC, continuing its focus on smart manufacturing and cross-border expansion. Investment rounds will be between Angel and Series B, with single investments ranging from RMB 5 million to RMB 50 million. The new fund will continue to follow 01VC's strategy of early-stage and small-scale investment, and provide post-investment empowerment and...

The Beijing Artificial Intelligence Industry Investment Fund recently announced an additional investment of 200 million RMB in Beijing Zhipu AI Technology Co., Ltd. (Zhipu). According to the fund, Zhipu is the first AI large language model company invested in since the fund's establishment and is one of the fastest-growing companies in the field. Zhipu has accumulated deep expertise in model development across text, reasoning, speech, image, video, and code, and boasts a robust commercialization strategy, having established a developer community and enterprise user base exceeding one million. This investment aims to further support Zhipu's growth and development.

China recently announced a 60 billion RMB (approximately $82 billion USD) national fund dedicated to investing in early-stage artificial intelligence (AI) projects. This move demonstrates Beijing's commitment to fostering the AI industry and aims to further elevate China's position in the global technology competition through government-led investment. According to Zhang Jianhua, an official from the Ministry of Industry and Information Technology, speaking at a conference in Shenzhen, the "National AI Investment Fund" was established in January this year under the joint guidance of industrial and financial departments. The fund's...

Andreessen Horowitz (a16z) is reportedly planning to raise a massive $20 billion fund, significantly bolstering its already substantial investments in the artificial intelligence sector.

On April 1st, the Guangdong Provincial Government held a press conference in Guangzhou to announce the "Several Policy Measures to Promote the Innovative Development of the Artificial Intelligence and Robotics Industry in Guangdong Province" (hereinafter referred to as the "Policy Measures"), officially unveiling a series of support policies aimed at accelerating the development of the artificial intelligence (AI) and robotics industries. The conference revealed that Guangdong will focus on creating typical application scenarios, concentrating on the deep integration of AI and robotics in key areas, and fully launching the "AI+" and "Robotics+" action plans. This policy not only highlights Guangdong's commitment to emerging technologies...

A group of prominent authors, including Richard Osman, Kazuo Ishiguro, Kate Mosse, and Val McDermid, have signed an open letter calling on the UK government to hold Meta accountable for using copyrighted books in its AI training. The letter requests that the Secretary of State for Culture, Media and Sport, Lisa Nandy, summon Meta representatives to discuss the matter.

OpenAI, in a recent submission to the US government on AI regulation, advocated for federal leadership in overseeing AI regulation, rather than allowing individual states to implement stricter rules. The company believes that unified federal regulation would foster innovation in the US AI sector and reduce inconsistencies across different state regulations. Image credit: Image generated by AI, image licensing service Midjourney. In this 15-page document, OpenAI notes that China's AI regulatory measures could potentially disadvantage the US.

Artificial intelligence is disrupting the content creation industry at an unprecedented rate. Once the exclusive domain of resource-rich film studios, production houses, and media giants, high-quality content production is being democratized. Recently, AI-powered video editing platform OpusClip secured $20 million in funding from SoftBank Vision Fund 2, boosting its valuation to $215 million. This significant investment clearly signals a rewriting of the rules for digital content creation and distribution. As an AI video editing platform, OpusClip...

UK Prime Minister Keir Starmer has unveiled a plan to leverage digitalization and Artificial Intelligence (AI) to enhance government efficiency. In a Thursday speech outlining the initiative, he expressed hopes to replace tasks achievable to the same standard with digital and AI solutions within the civil service. He emphasized that civil servants' time should be prioritized for work requiring human judgment and creativity. Starmer believes that wider adoption of digital methods by the UK government will...

Shenzhen's State-owned Assets Supervision and Administration Commission (SASAC) announced plans to establish a 500 billion yuan ($69.4 billion USD) state-owned fund to focus on cutting-edge technologies, including artificial intelligence and robotics. The fund aims to support technology companies at all stages of development, from seed and angel rounds to Series A, B, C, and even IPO. This initiative is part of a broader strategy to build a comprehensive technological innovation fund network, encompassing a '20+8' full industrial chain, aligning with the city's government policies. Image caption omitted.