Guangzhou: Establish artificial intelligence industry investment fund, increase credit support for artificial intelligence enterprises.

The General Office of the Guangzhou Municipal People's Government issued the Implementation Plan for Promoting the High-Quality Development of the Artificial Intelligence Industry in Guangzhou. It proposes to establish an artificial intelligence industry investment fund, focus on key core areas of the industry chain, implement the "early investment, small investment, long-term investment, and investment in hard technology" strategy, and form patient capital to accompany the growth of enterprises. Encourage banks and other financial institutions to develop special loan products for enterprises undergoing digital transformation and artificial intelligence research and development enterprises, and increase credit support for artificial intelligence enterprises.