NEW ENGINE FOR ECONOMIC RECOVERY
The COVID-19 pandemic has led to rising demand for online services, which at the same time created many new scenarios for AI applications. Many experts attending the WAIC saw AI as a new engine to stimulate growth in the post-coronavirus era.
Zhu Min, chairman of the National Institute of Financial Research at Tsinghua University, was upbeat about the prospects of the AI industry. "Our lives underwent fundamental changes when we moved from offline to online activities, making teleworking, online entertainment, shopping, and conferencing part of our daily lives. This provides a broad space for AI development in the future."
China has seen a quickly evolving AI ecosystem in recent years. Many Chinese cities have stepped up efforts in building AI clusters.
Shanghai built the AIsland of the Zhangjiang Science City in the Pudong New Area, an AI cluster for both major AI players and start-ups. Covering an area of 66,000 square meters, the AIsland has attracted about 90 companies, including Microsoft and IBM.
Besides a rapidly expanding AI market, AI companies were also buoyed by a friendly policy environment. In this year's government work report, China called for support on the construction of new types of infrastructure, which is widely regarded as a positive policy signal for cutting-edge technologies such as 5G, AI, and the Internet of Things.
New infrastructure will hopefully start the trend of AI in all aspects of life in China, said Li Yanhong, CEO of Baidu, at the opening ceremony of the WAIC.
The continuous efforts in promoting the AI industry and the construction of new types of infrastructure will boost economic activities following the pandemic, experts said.
Kai-Fu Lee, chairman and CEO of Sinovation Ventures, was confident of the potential of the collaboration between AI and traditional industries, noting that more traditional industries ranging from manufacturing, medical care to the education sector will focus on improving efficiency in the next decade.
Right before the WAIC 2020, the Shanghai AI Tower was unveiled in the city's Xuhui District, marking another milestone of international AI cooperation.
Twenty leading global AI companies including Microsoft, Huawei, and Alibaba have clustered in the twin buildings on the waterfront along the Huangpu River.
Alibaba Group founder Jack Ma, who is also co-chair of the UN Secretary-General's High-level Panel on Digital Cooperation, underlined cross-border collaboration and the unity of mankind during a virtual speech at the opening ceremony of the conference.
"We should take responsibility instead of being worried because the virus does not need a passport or sees no national borders. Technology should also have no borders," said Ma. "We have no other choice, so the sooner we start to cooperate, unify, and embrace each other, the sooner we will win," he added.
