Pudong launches fund to boost AI industry
The 2025 Global Promotion Conference on Pudong New Area AI Industrial Ecosystem was held on July 27, coinciding with the 2025 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance.
Pudong launches the AI Seed Fund on July 27. [Photo/WeChat ID: pdnews]
The conference highlighted Pudong's advantages in attracting AI entrepreneurs and businesses worldwide, including institutional innovations and ecosystem dynamics.
The AI Seed Fund was launched at the event, with a size of 2 billion yuan ($279 million), including an initial tranche of 500 million yuan. This state-backed venture capital fund will focus on seed-stage investments for innovative talent and cutting-edge technologies.
Pudong is one of the first pilot zones in China for AI innovation and application. The output of its AI industry has surpassed 160 billion yuan, accounting for about 40 percent of Shanghai's total, while its intelligent computing power scale represents nearly half of the city's total. More than 200 vertical model-related companies have established operations in the area, with 28 large AI model products having completed filing or registration.
The region aims to further boost the industry through a comprehensive policy package, including measures to enhance financing channels for entrepreneurs and subsidized renting for young talent.
Top 10 AI innovative technologies in Pudong were announced at the promotional conference, featuring products in diverse fields such as smart chips, basic platforms, and embodied intelligence.