China's Sinovation launches AI-focused fund
Sinovation Ventures has formed a RMB2.5 billion ($395 million) venture capital fund that will focus on artificial intelligence (AI). It is a cooperative effort with the Guangzhou government to drive technology development.
In addition to the Sinovation Ventures Smart Investment Fund – which will target AI and related areas such as big data, education, consumption upgrades, and enterprise services – the venture capital...
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