Global EditionASIA 中文双语Français
Business
Home / Business / Technology

Shanghai to set up multi-billion-dollar fund to develop AI

Xinhua | Updated: 2018-09-18 15:48
Share
Share - WeChat
Consumers watch the operation of a window-cleaning robot at the 2018 World Robot Conference in Beijing in August. [Photo provided to China Daily]

SHANGHAI - Shanghai will launch a fund of about 100 billion yuan ($14.6 billion) for developing the artificial intelligence (AI) industry, the municipal government said Monday.

Major AI projects and platforms will be offered financial support up to 100 million yuan, and AI enterprises will also be granted access to data resources in areas including education, health care, and tourism, the Shanghai government said at the ongoing World Artificial Intelligence Conference 2018.

The measures are part of Shanghai's efforts to promote the AI industry with a focus on attracting more talent and capital as well as optimizing the use of data resources.

"Shanghai needs to seize the opportunity that the AI industry has created, and take full advantage of the city's abundant resources in scientific research, talent, data, and policy support to implement more new AI technologies," said Ma Chunlei, deputy secretary-general of Shanghai municipal government.

The World Artificial Intelligence Conference 2018 is being held in Shanghai from Sept 17 to 19. Themed "A New Era Empowered By Artificial Intelligence," the event is seen as an opportunity to boost AI development for both China and the world.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE