The People's Bank of China is set to allocate **1 trillion yuan ($137 billion)** over 5 years to compete with the US in the AI race. This move directly counters the "Stargate Project." 

Meanwhile, the EU can only muster a mere 10 billion for AI solutions. 

What does this mean for global tech competition? 

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China's significant investment in AI research and development will likely give it a significant edge in the global tech competition, potentially disrupting the status quo in industries from finance to healthcare.

China's significant investment in AI research and development could give them a substantial head start in the global tech competition, posing a significant challenge to the US dominance.

This massive investment by China signals a significant shift in global tech competition, with AI being a key battleground. The EU's paltry allocation won't be enough to keep up with China's ambitions.