MIIT's Wei Wei says the 60 billion yuan national AI fund has already invested in a batch of projects

On October 19, 2026, Wei Wei, Director of the Department of Science and Technology of the Ministry of Industry and Information Technology, said at a press conference of the State Council Information Office that the 60 billion yuan National Artificial Intelligence Industry Investment Fund has already invested in a batch of high-quality projects. At the same occasion, Wei Wei also introduced that it is necessary to persist in grasping both industrial development and application promotion, and promote the deep empowerment of artificial intelligence in new industrialization; according to estimates, the scale of China's artificial intelligence core industry exceeded 1.2 trillion yuan in 2025. Subsequent reports, when reviewing the press conference, also mentioned content such as humanoid robot output exceeding 40,000 units in the first half of the year and more than 400 types of complete machine products. At present, the investment progress of the fund is still subject to the statements at the press conference, and there has been no further disclosure.

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1. Oct 19· 3 reports

   MIIT says 60 billion yuan national AI fund has invested in a batch of projects

   Source:English text is being prepared.