Shanghai's ambitious plans to become an AI world center amidst international chip competition

INSUBCONTINENT EXCLUSIVE:
includes attracting top AI talent, securing investment, and improving regulations related to AI development.However, these plans are being
challenged by the escalating competition in the semiconductor industry.The Shanghai government is encouraging private capital to invest in
AI infrastructure, offering subsidies to firms that build AI facilities.Shanghai
integrated circuits, biomedicine, and AI by 2025.In addition to this, Huawei, a leading Chinese tech firm, has been developing its own AI
underscoring the growing popularity of the AI sector in the region.While the path ahead may be fraught with challenges, Shanghai remains
determined to achieve its goal of becoming a global AI hub.