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AI Projects Worth USD724 Million Are Inked at Global Gathering in Shanghai
Jin Yezi
DATE:  Sep 02 2022
/ SOURCE:  Yicai
AI Projects Worth USD724 Million Are Inked at Global Gathering in Shanghai AI Projects Worth USD724 Million Are Inked at Global Gathering in Shanghai

(Yicai Global) Sept. 2 -- More than 22 artificial intelligence projects have been signed at the ongoing 2022 World Artificial Intelligence Conference in Shanghai, with a total investment of more than CNY5 billion (USD724 million). They will be set up in China’s first pioneer zone for AI innovation application in the city’s Pudong New Area.

The projects encompass autonomous driving, biomedicine, the industrial internet, and robotics. One of them is a vehicle-road collaboration project involving self-driving startup Banma Information Technology, backed by Alibaba Group Holding. Banma will participate in infrastructure construction in the Jinqiao Intelligent Connected Vehicle Testing Demonstration Zone in Pudong.

The zone opened on Aug. 31, with 12 roads covering 29.3 kilometers available for testing. Shenzhen-based self-driving startup AutoX began trial operations of its first 50 robotaxis in the zone yesterday.

The new projects also include a drug research and development center to be launched by Beijing-based AI startup DP Technology, as well as an industrial internet platform by state-owned hydro power giant China Three Gorges, which will help industrial firms with their low-carbon transition, Yicai Global learned.

Pudong became China’s first pioneer zone for AI innovation application in 2019. The country’s most advanced algorithm platforms have come to Pudong over the past three years, and they provide services to the local manufacturers as well as small and mid-size businesses, Xia Yuzhong, deputy director of the Pudong Technology and Economy Committee, told Yicai Global.

The zone also released a public service platform targeting AI application scenarios today, to offer tech development, program design, and open testing services to firms in key fields such as transport, commerce, and finance, Yicai Global learned.

Editors: Dou Shicong, Tom Litting

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Keywords:   WAIC,Shanghai,Pudong