Li Yanhong, chair and CEO of Baidu, delivers a keynote speech at a forum of the World Artificial Intelligence Conference (WAIC) 2018 in Shanghai, east China, Sept. 17, 2018. The three-day conference has attracted experts, scholars and entrepreneurs from nearly 40 countries and regions. More than 200 leading companies in AI participated in the conference and the exhibition. (Xinhua/Fang Zhe)
Chinese tech companies including Alibaba and Baidu also announced plans to establish AI innovation centers in Shanghai. Baidu will establish its Shanghai innovation center, developing over 110 AI projects. Sense Time Group, a Chinese AI company, is developing its new supercomputing center in Shanghai, which will have a computation power of more than 500 petaflops (a petaflop is 1,000 trillion) per second.
Shanghai has been accelerating the development of the AI industry. AI-related industries in Shanghai have scaled up to 70 billion yuan (10.3 billion U.S. dollars) by July this year, according to Shanghai's Municipal Commission of Economy and Information.