China says it will increase support for AI, science and tech innovation

China said on Wednesday it would boost support for the application of artificial intelligence (AI) models and the development of venture capital investment, in a bid to foster more technology breakthroughs and become more self-reliant.

The plans were included in a government document prepared for the annual meeting of the National People’s Congress (NPC), China’s rubber-stamp parliament.

The country wants to foster “industries of the future” including biomanufacturing, quantum technology, embodied AI and 6G technology, the report said. To do so,…