Hangzhou aims to transform into an AI hub, thus becoming the "Silicon Valley" of China.

Hangzhou is establishing itself as an important center for artificial intelligence, with startups and large companies developing advanced chips, robots, and brain-computer interfaces. Chinese and American companies are competing in creating physical applications of AI, including autonomous robots and driverless cars. Beijing has declared 'embedded intelligence' as a priority in its five-year plan, and the US-China Commission has emphasized the need to accelerate investments in this field. In Hangzhou, firms like Manycore and Unitree are preparing to go public, and Manycore uses Nvidia chips to train AI to interact with the physical world. Additionally, the popularity of ByteDance's Doubao chatbot, with 155 million active users, shows interest in useful applications. In the Liangzhu district, indie startups are exploring experimental applications, attracting the attention of investors. Domestic competition and consumer reluctance to pay for applications are causing many startups to focus on international markets, benefiting from supply chains in China.