AI Business Ecosystem Takes Shape in Guangzhou After 37 Chinese Firms Join Its AI Institute
Xu Wei
/SOURCE : Yicai
AI Business Ecosystem Takes Shape in Guangzhou After 37 Chinese Firms Join Its AI Institute

(Yicai Global) June 25 -- The Guangzhou International Artificial Intelligence Conference convened in the southeastern Chinese city's Nansha district on June 23 and 24, and 37 AI companies entered into a tenant agreement with the Guangzhou International AI Industry Research Institute at the main forum of the conference on its inaugural day.

Their affiliation with the institute will contribute to the formation of an AI business ecosystem in the city, reported.

The firms are noted for their strong technology research capabilities and have nine research teams led by national academy members Ni Guangnan and Chen Guoliang, fellows from the Chinese Academy of Engineering and the Chinese Academy of Sciences, respectively, and seven teams led by other scientists. 

They include one integrated circuit design service provider, one AI algorithm service firm, six transport technology developers, four urban security and governance companies, as well as companies specializing in medical services, financial risk management and natural language processing.

Guangdong boasts geographical advantages and a solid foundation in traditional industries, leading Chinese expert Liu Zhen noted, and the local government has rolled out policies to foster AI technology development as an emerging industry, which may turn the town into a future AI industry base. The megacity has started to shift away from audio-visual software applications toward researching and developing AI hardware, with the local sector encompassing an increasingly comprehensive range of related businesses, said Zhang Jin, general manager of the Guangzhou International AI Industry Research Institute.

More than 100  firms in the sector will join the institute by year's end, Zhang predicted, adding that the institute is planning to build a 200-hectare artificial intelligence industry park in Nansha during the next five to 10 years.

Editor: Ben Armour

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Keywords: Guangzhou , AI