Shanghai will establish an AI Youth Entrepreneurship Fund.

The Shanghai Municipal People's Government held a themed press conference on February 7th. Tang Wenkan, Director of the Shanghai Economic and Information Technology Commission, stated that in the field of intelligent robotics, Shanghai has nearly 40 humanoid robots that have moved from the laboratory into daily life, empowering the real economy. More than one-third of overseas returnees prioritize starting businesses and working in Shanghai. Shanghai will provide efficient services, establish an AI international open source community, set up an AI youth entrepreneurship fund, and support young entrepreneurs in developing in Shanghai.