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China is reportedly taking measures to help its rising AI startups compete with tech giants.
As the Financial Times (FT) reported Monday, at least 17 cities have committed to offering “computing vouchers” for startups to help them pay for increasing data center costs amid a shortage of the type of chips that are vital to the artificial intelligence (AI) sector.
Those vouchers, the report said, will be worth the equivalent of between $140,000 and $280,000, and can be used for time in AI data centers where companies can train and run large language models (LLMs).
According to the report, industry experts say…