China’s Xi Lauds AI Progress, Meets BRICs Bank on Shanghai Visit 

Chinese President Xi Jinping waves as he arrives for a two-day state visit, at Hanoi's Noi Bai International Airport, Vietnam, April 14, 2025. (Reuters)
Chinese President Xi Jinping waves as he arrives for a two-day state visit, at Hanoi's Noi Bai International Airport, Vietnam, April 14, 2025. (Reuters)
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China’s Xi Lauds AI Progress, Meets BRICs Bank on Shanghai Visit 

Chinese President Xi Jinping waves as he arrives for a two-day state visit, at Hanoi's Noi Bai International Airport, Vietnam, April 14, 2025. (Reuters)
Chinese President Xi Jinping waves as he arrives for a two-day state visit, at Hanoi's Noi Bai International Airport, Vietnam, April 14, 2025. (Reuters)

China's President Xi Jinping urged Shanghai to accelerate efforts to turn itself into a technological and innovation hub with global influence as he made his first visit to the city since November 2023, state news agency Xinhua reported.

Xi said that Shanghai, China's main international financial hub, should strive to be at the forefront of artificial intelligence (AI) development and governance, the report added.

The Shanghai visit comes at a time when the trade war with the United States has raised the stakes for global economic growth, and as China pushes forward with AI development in the wake of DeepSeek.

Xi urged the city to expand its exploration of AI models and said more supportive policies for the technology should be rolled out, as he visited an incubation lab for AI startups and tried on a set of smart glasses, the report said.

The Chinese president also visited the Shanghai-based New Development Bank, a multilateral bank of BRICS member nations, and met its president, former Brazilian President Dilma Rousseff, Xinhua said.



Meta Reportedly in Talks over Scale AI Investment that Could Exceed $10 Billion

(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
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Meta Reportedly in Talks over Scale AI Investment that Could Exceed $10 Billion

(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)

Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday.

The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter.

Scale AI declined to comment and Meta did not immediately respond to Reuters request for comment outside regular business hours.

Founded in 2016, Scale AI is a data labeling startup backed by tech giants Nvidia, Amazon and Meta.

Last valued at nearly $14 billion, Scale AI also provides a platform for researchers to exchange AI-related information, with contributors in more than 9,000 cities and towns.