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Chinese local governments offer incentives to AI filmmakers

Reuters reports that Chinese local governments are offering computing vouchers, rent waivers and dedicated funding to attract filmmakers using artificial intelligence. These incentives reduce the cost of computing and premises for studios deciding where to set up.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Capital Products

Onodrim raises $300M to acquire European defence and industrial suppliers

Amsterdam-based Onodrim Industries has raised $300M in a round led by Lux Capital, valuing the defence group at $1.3bn, the company said Monday. Other investors include General Catalyst, Lakestar and Altimeter. The financing follows its €40M seed round in February.