Chinese researchers are developing an advanced artificial intelligence processor that is expected to help China launch its foray into the global chip market; a whopping 1.4 million dollars has already been earmarked for the purpose by the Chinese Academy of Sciences, according to Xinhua. China's state-run news agency Xinhua reported that the country's Academy of Sciences has allocated a whopping 10 million yuan (1.4 million US dollars) for the creation of a sophisticated artificial intelligence (AI) processor that is due to add to China's presence on the global chip market. The new AI processor is named after the Cambrian Period of geological history, which saw life on Earth become infinitely more diversified and sophisticated. It is due to provide tremendous assistance in simulating the functioning of human nerve cells. Xinhua quoted the Chinese Academy of Sciences as saying that the Cambrian chip "is expected to be the world's first processor that simulates human nerve cells and