Joann files for bankruptcy — again
German economy, Europe’s largest, shrinks for second straight year
Supreme Court will hear Texas anti-pornography law that challengers say violates free-speech rights
Comoros ruling party wins parliamentary elections, opposition rejects results
Sweden seeks to change constitution to be able to revoke citizenships
Confused about all the tax changes in the past decade? Just wait
US inflation likely remained elevated last month, threatening interest rate cuts
Coors Light is changing its name
Tiger Woods’ son Charlie chuckles while watching his dad suffer heavy defeat in TGL debut
Bayern Munich signs US youngster Bajung Darboe from LAFC
BEIJING (Reuters) - China's commercial hub Shanghai on Friday announced 100 billion yuan ($13.79 billion) in funds to boost its integrated circuit, biomedicine and artificial intelligence (AI) industries.
The fund for the AI sector will focus on fields including intelligent chips, software, autonomous driving and intelligent robots, Shanghai's government said in a statement.
The money will be used to support original innovation, and accelerate emergence of globally competitive enterprises in Shanghai, the government said.
($1 = 7.2500 Chinese yuan renminbi)
(Reporting by Ethan Wang and Ryan Woo; Editing by Louise Heavens)
