On September 17th, World Artificial Intelligence Conference (WAIC) was held in Shanghai. During the conference, Member of Political Bureau of CPC Central Committee and Shanghai Party Secretary Li Qiang met with attending Chinese and foreign entrepreneurs. Chairman Wang Huisheng attended the meeting as a major representative.
Li Qiang said that as the biggest economic center city, Shanghai was speeding up its efforts to build five centers, excellent global city and socialist modern metropolitan. AI was a strategic technology that could guide the future development. Shanghai should work hard to make a highland of AI and give full play to the vitality of different kinds of enterprises. He hoped that enterprises and Shanghai could join hands to grasp great opportunities with a view to achieving win-win results. Shanghai would try its best to provide sound environment for the development of AI and build up a bigger platform.
Wang Huisheng pointed out that it was an important signal of SDIC’s transformation to conduct comprehensive strategic cooperation with Shanghai. There were 39 SDIC subsidiaries registered and conducted business in Shanghai, such as the second headquarters of SDIC, SDIC AI, SDIC Health, SDIC Biotech, SDIC Testing & Certification. There are 6 funds initiated by SDIC and registered in Shanghai. Total asset of SDIC subsidiaries in Shanghai reached 176.5 billion RMB yuan, accounting for one third of SDIC’s total asset. AI was a state-of-the-art industry that had developed very rapidly in recent years. SDIC had made its business layout in this field through fund or direct investment which gave great room for the cooperation between the two sides in this field.