According to Tianyancha data, Shenzhen Deep Venture Capital Artificial Intelligence and Embodied Robotics Industry Private Equity Fund has been established, with a capital of RMB 1.55 billion ($217 million). The fund is jointly backed by Shenzhen Guiding Fund Investment Co., Ltd., Shenzhen Futian Red Earth Equity Investment Fund Management Co., Ltd., and two other institutions, with Shenzhen Futian Red Earth Equity Investment Fund Management Co., Ltd. serving as the executive partner. The fund’s scope includes equity investment, investment management, and asset management, focusing on core technology development, industrial application, and ecosystem construction in artificial intelligence and embodied robotics. It aims to drive Shenzhen’s ambition to become a global hub for artificial intelligence and robotics industries. [Jiemian, in Chinese]