Shanghai and Baidu to cooperate on AI development

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The Shanghai municipal government and Chinese tech giant Baidu have signed a strategic cooperation agreement to develop artificial intelligence (AI) industry in the city.

Under the deal, a Baidu innovation center will be built to make Shanghai a major AI development center. Baidu will also help Shanghai in building a smart city.

Shanghai has talent from home and abroad and is open to the world, providing a conducive environment for the company's future development, said Robin Li, chairman and CEO of Baidu.

"Baidu will increase its research and development investment, land more new modes, applications and products in Shanghai so as to make bigger contributions to the AI industry development and mega-city management in Shanghai," he said.

Robin Li speaks at the fifth World Internet Conference in Wuzhen, China's eastern Zhejiang Province, November 8, 2018. /VCG Photo

According to an AI industry development plan issued last year, Shanghai aims to build about ten AI innovation platforms, and ten leading AI innovation companies by 2020, when the city's AI industry is expected to be worth more than 100 billion yuan (about 14.4 billion U.S. dollars).

Source(s): Xinhua News Agency