Government officials in Hangzhou have grand ambitions to make their city in eastern China a global center for artificial intelligence-and the funds to try to make it happen. In June, they pledged $140 million to subsidize AI firms that operate in town. Not to be outdone, Shanghai promptly followed in July with its own $140 million subsidy program, and inaugurated an "AI innovation town" two months later with low-cost office space for start-ups in the sector.
I'm concerned. I'm not clear on why that is the right path for us. I want to be convinced because I keep asking the question. The argument is, as I understand itand I think Jensen [Huang]'s done a remarkable job, and I've talked to him about this a number of timesthe argument is that this will somehow slow China's capacity to develop its own capability by giving them the most advanced chips, McCormick replied, adding: I don't think that's been the experience.
