Digital output at ‘AI highland’ to surge
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ZHANGJIANG High-Tech Park has become Shanghai’s “AI highland” for its cluster of high-tech enterprises and top-level AI talent which helps the city to innovate and upgrade its economy, industry officials said yesterday.
The presence of more than 80 companies developing artificial intelligence technologies in natural language understanding and intelligent online learning services will propel Zhangjiang’s digital output to surge 50 percent from the current level to 300 billion yuan (US$46.7 billion) in three years, said an official of the Shanghai Pudong Software Park which is part of the Zhangjiang region.
In 2017, the revenue of Shanghai’s AI industry jumped 50 percent year on year, above expectations of 20 percent, officials told an AI forum in the software park. The forum attracted SAP, Fudan University, Hujiang, Data Grand and Pingan Insurance.
Shanghai will invest 69 billion yuan this year in new technologies like smart manufacture, AI, the Internet of Things and cloud computing to transform its economy, according to government officials in April.
AI will be able to duplicate more than 50 percent of the work currently done such as document process and data collection within the next decade, said Data Grand, a startup that helps firms to collect and analyze data to help optimize their business.
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