Baidu to Set Up AI Lab in Shanghai to Bolster Smart City Governance
Xu Wei
DATE:  Nov 28 2018
/ SOURCE:  yicai
Baidu to Set Up AI Lab in Shanghai to Bolster Smart City Governance Baidu to Set Up AI Lab in Shanghai to Bolster Smart City Governance

(Yicai  Global) Nov. 28 -- Baidu will build an innovation lab in Shanghai to  team up with the eastern megacity in making municipal management smarter  with advanced data collection tools.

Shanghai's  government and Baidu penned a cooperation agreement, under which the  tech firm will set up its artificial intelligence center in the city,  state-backed Xinhua News Agency's reported yesterday.

"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," said Robin Li, the chairman and chief executive of the Beijing-based company. 

Shanghai  aims to build 10 leading AI innovation companies by 2020, with the  expectation of the city's smart tech industry to be worth more than  CNY100 billion (USD14.4 billion), according to a development plan issued  last year.  

Baidu  Brain, which is a term that the firm uses for its AI assets which  include autonomous driving tech, big data, and cloud computing, will be  used to enhance the real economy, urban management, and residents'  standards of living, state-backed The Paper reported yesterday. One of  the objectives mentioned was also to help integrate the Yangtze River  Delta region. 

Editor: Emmi Laine

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Keywords:   Shanghai, Baidu