As DeepSeek Rocks The Western Tech Moat, China Pledges 1 Trillion Yuan To Develop Its AI Industry Chain
… As the tech favorites in the US tumble on DeepSeek-induced jitters, with NVIDIA alone down 13 percent in early pre-market trading, China has pledged 1 trillion yuan in new funding to develop its AI industry: "The Bank of China plans to provide special comprehensive financial support with a total sc… …