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US$603 million fund to back top AI enterprises

Sinovation Venture, a Chinese angel investment firm and Luxing Capital, are setting up a 4-billion-yuan (US$603 million) Artificial Intelligence industry fund, aiming to focus on top enterprises in the sector, the 21st Century Business Herald reported. Wang Hua, founder and managing partner of Sinovation Venture, pointed out that the explosive growth of AI is not only driven […]