(Yicai Global) June 7 -- With the rapid development of artificial general intelligence, the Chinese cities of Beijing, Shanghai, and Shenzhen have released policies to help support the AI industry.

Beijing issued two AI-related policies. The first outlined 21 measures for developing computing power, data, models, scenarios, and regulations. The second aims to promote the city’s core AI industries to grow 10 percent a year to reach CNY300 billion (USD42.3 billion) by 2025 and increase the scale of related industries to over CNY1 trillion (USD141.2 billion).

Shanghai aims to encourage private money and entities to invest in new AI infrastructure, including data data and computing power, and has extended the policy granting subsidies to AI projects to the end of 2027, with a discount of as much as 1.5 percentage point on interest rates.

Meanwhile, Shenzhen’s action plan for this and next year focuses on six areas, including hiking the supply of smart computing power clusters, strengthening core technologies and products’ innovation capabilities, boosting industrial concentration, and enhancing data and talent supply.

The three cities’ AI support policies will accelerate the development of the digital economy thanks to technologies such as AI-generated content and reduce the application cost of AIGC, He Renlong, chief expert at the Shanghai Academy of Next Generation Information and Communications Technology, told Yicai Global.

More than half of the domestic large language models are open-source and most were created in Beijing, Shanghai, and Guangdong province, where Shenzhen is located, the Ministry of Science and Technology said in a report published on May 28.

Tsinghua University’s ChatGLM-6B, Fudan University’s Moss, and Baidu’s Ernie Bot are the top three in terms of open-source influence, the report said.

China’s core AI industry was worth CNY508 billion (USD71.4 billion) last year, an 18 percent increase on the previous year, according to figures from the China Academy of Information and Communications Technology.

Editor: Futura Costaglione