China's Banks Are Being Directed to Flood AI Startups With Capital

Reuters reports that Chinese lenders are planning to steer significantly more lending toward technology and AI firms, responding to Beijing's directive to aggressively adopt artificial intelligence.

Chinese banks are ramping up lending to AI and technology firms under direction from Beijing, according to Reuters. The push comes as part of the Chinese government's broader pledge to "aggressively adopt artificial intelligence" across the economy.

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