Shandong: Support long-term capital and patient capital to invest in areas such as artificial intelligence chips, frameworks, and core algorithms.

The Action Plan for the High-quality Development of Artificial Intelligence Industry in Shandong Province was recently issued. It proposes to improve the financial capital guarantee system, promote financial institutions to deepen cooperation with artificial intelligence enterprises, and allocate financial resources around the industrial chain in terms of "loans, stocks, insurance, and guarantees". It leverages the role of the provincial Fund for the Transformation of New and Old Kinetic Energy to attract social capital to jointly build a group of artificial intelligence industry funds, supporting long-term capital and patient capital for investments in areas such as artificial intelligence chips, frameworks, and core algorithms.