Each 1 billion! Shanghai state-owned assets make a big move to establish a large-scale + body intelligent industry fund

Today, the three leading industry mother fund management companies in Shanghai have officially signed contracts with the first batch of 12 ecological cooperation funds. The 12 funds have a total paid-up capital of 6.7 billion yuan, a total fund size of 25 billion yuan, and a magnification factor of 3.73.

This afternoon, Shanghai International Investment Corporation also jointly released the Shanghai Embodied Intelligence Fund with Pudong New Area, and jointly released the Shanghai Mega Model Fund with Xuhui District. The initial size of both funds is CNY 1 billion.

The Shanghai Grand Model Fund is initiated by Shanghai State-owned Capital Investment Co., Ltd. with the Shanghai State-owned Assets Mother Fund as the cornerstone investor. It aims to serve the development and technological innovation of Shanghai’s grand model industry, and support Shanghai in building a globally influential source of artificial intelligence innovation and a world-class industrial cluster of artificial intelligence.

The fund will focus on investing in large models, vertical models, and related ecosystems, driving the overall progress of the artificial intelligence industry chain, such as computing power chips, cloud infrastructure, and AI edge. It will help Shanghai’s leading large model enterprises to build international competitiveness and promote the development and growth of vertical model applications.

The Shanghai Embodied Intelligence Fund was established jointly by the Shanghai State-owned Capital Investment Co., Ltd. and the Pudong New Area. The Shanghai State-owned Capital Fund, Zhangjiang Group, and Pudong Venture Capital are the cornerstone investors of the fund, aiming to promote technological innovation in Shanghai’s embodied intelligence, form a secure and reliable industrial supply chain system, and build an internationally competitive embodied intelligence industry ecosystem.

The fund will invest in the upstream and downstream of the physical intelligent industry chain, focusing on key areas of the physical intelligent related industry chain, such as robot bodies, core components, robot brains and small brain intelligent algorithms, unmanned driving and applications, sensor technology, etc., to accelerate the research and development and industrialization of physical intelligent technology, help Shanghai’s leading enterprises in the field of physical intelligence build international competitiveness, and support the development of innovative and promising small and medium-sized enterprises, and promote Shanghai to become a global innovation center and industrial highland for physical intelligent industry.

In an interview with the Science and Technology Innovation Board Daily, Fei Fei, the General Manager of Shanghai Futeng Private Equity Fund, said that in addition to the Future Fund initiated by Shanghai Guotou Corporation and Lingang Group in June, Shanghai Guotou has mobilized various forces to build an artificial intelligence ecosystem fund that covers large-scale models at the basic level, vertical application, AI edge, metaverse, and embodied intelligence, providing sufficient funding and industrial support for the development of the entire AI field.

The total scale of the three funds is close to 3 billion yuan, and it is expected to add investments in 20 projects by 2025. Previously, we have completed investments in Jieyue Xingchen and MiniMax, and future investments will focus on the application of vertical model and AI edge. For example, through the large model fund, we will continue to increase investment in general models, focus on AI for science in vertical models, as well as large models for law and medicine. Shanghai Embodiment Intelligence Fund will focus on the application of robots, components, autonomous driving, sensors, etc. Through the Embodiment Intelligence Fund, we will focus on layout in Shanghai in the form of ‘fund + base’.

In the afternoon of the same day, the relevant departments of Shanghai also jointly announced the second batch of selection and application for the three major pilot industry mother funds in Shanghai. At the same time, the list of the first batch of sub-fund selections was announced. In the integrated circuit industry, Zhongxin Ju Yuan, Yuan He Pu Hua, and Xinwei Capital were selected; in the field of biomedicine, it includes Lilly Asia Ventures, Guofang Capital, and Zhengxin Valley; in the field of artificial intelligence, it includes Lan Chi Venture Capital, Zhongke Chuangxing, and Qiming Venture Capital.

In addition, Shanghai Guotou Company has signed contracts with financial institutions such as Xinhua Insurance, Shanghai Branch of China Development Bank, China Life Asset Management, and CITIC Securities to strengthen financial support for specific tasks and projects, and to introduce more financial resources for Shanghai’s scientific and technological innovation investment through deeper and more pragmatic cooperation.

(Article Source: Sci-Tech Innovation Board Daily)

Source: Eastmoney.com

Author: Science and Technology Innovation Board Daily