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Industry

Shanghai AI industry value reaches RMB70bln

July 21, 2018


Abstract : Shanghai’s artificial intelligence (AI) related industries have currently scaled up to 70 billion yuan, according to data by Shanghai economic and information commission.

AI

BEIJING, July 20 (Xinhua) -- Shanghai’s artificial intelligence (AI) related industries have currently scaled up to 70 billion yuan, according to data by Shanghai Municiple Commission of Economy and Information.

Shanghai has been accelerating the development of AI industry since the release of the implementation opinions on promoting new-generation AI in the city last November, and has formed relatively mature industrial technology and business model, leading the country in fields of intelligent driving and intelligent robots, reported by Shanghai Securities News.

The city is now mulling over an AI development alliance which has already gathered nearly 300 enterprises, investment and financing institutions and research institutes.

Shanghai will continue to cultivate its AI industry with core industry scale to reach 100 billion yuan in the following two to three years. (Edited by Niu Huizhe,niuhuizhe@xinhua.org)

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Keyword: AI Shanghai

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