Shanghai has unveiled an ambitious 1 billion yuan (US$139 million) subsidy programme for the artificial intelligence industry, as the metropolis bids to compete with a string of other Chinese megacities that are also investing heavily to develop world-class AI ecosystems.The Shanghai subsidy package will focus on reducing costs for start-ups and making it easier for local businesses to adopt AI solutions, with 600 million yuan going toward subsidising computing power, 300 million yuan providing...