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China's tech sector runs out of steam as government policies tighten grip - Firstpost

Retrieved on: 2024-04-21 10:39:01

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China's tech sector runs out of steam as government policies tighten grip - Firstpost. View article details on HISWAI: https://www.firstpost.com/world/chinas-tech-sector-runs-out-of-steam-as-government-policies-tighten-grip-13761830.html

Summary

The article discusses the decline in China's tech sector, particularly in AI. It suggests China's venture capital funding and innovation are falling behind the US, with companies like Baidu trailing OpenAI. This trend is attributed to President Xi's policies and a need for market-driven environments, as emphasized by expert Nina Xiang.

Article found on: www.firstpost.com

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