China's ‘Silicon Valley' is building robots and fortune-telling AI apps at the same time [CNBC]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: CNBC
Many Chinese startups focus on practical applications, aided by open-source models and lower energy costs. Intense domestic competition is pushing Chinese AI founders to think globally. Coders and aspiring entrepreneurs have flocked to Liangzhu in the past two years, drawn by its creativity, free lifestyle and sense of camaraderie. CNBC HANGZHOU, China — In what is sometimes dubbed China's Silicon Valley, tech giants and startups in Hangzhou are racing to build cutting-edge chips, robotics and brain-computer interfaces. Across town, aspiring founders are creating AI pets and fortune-telling apps. The city on China's southeastern coast is reinventing itself as an artificial intelligence hub. A year after the rise of DeepSeek drew global attention, Hangzhou's fast-moving AI scene reflects both global ambitions and intensifying competition at home. The sprint toward physical AI China and the U.S. are moving in lockstep to develop what many see as AI's next frontier: phys
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