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The Shanghai Artificial Intelligence Ecosystem Fund, established by Shanghai State Investment Corporation, was officially launched. The fund has a scale of 10 billion yuan, with an initial phase of 3 billion yuan. It is located in Xuhui District and has completed the first phase of 500 million yuan. The fund will focus on the large model industry chain ecology, invest in three sub-sectors of AI infrastructure, basic and vertical large models, and next-generation end-side AI applications, guide resource focus, connect the upstream and downstream of the artificial intelligence industry chain, and promote leading application exploration to form new development opportunities.