Science & Tech · AI · 2 hrs ago

Yangtze River Delta Builds Broad AI Industry Ecosystem, Report Says

Yangtze River Delta Builds Broad AI Industry Ecosystem, Report Says

A report released in China says the Yangtze River Delta has built a broad AI industry ecosystem, linking computing power and algorithms with applications and advanced equipment.

The region includes Shanghai, Jiangsu, Zhejiang and Anhui, and the report describes Shanghai as the leading area, with Jiangsu and Zhejiang advancing and Anhui developing more companies.

The report examined unlisted technology firms whose work is driven by artificial intelligence, and found that more than 60% focus on core AI technology or AI applications.

It says the region's mix of research and manufacturing helps firms find suppliers and other partners nearby, lowering the cost of testing new ideas.

Many of the firms are fast-growing small and medium-sized businesses with high research investment and staffing, and the report says AI is increasingly moving from laboratories into industries such as manufacturing.

Nine in 10 firms have expanded abroad or plan to, with Southeast Asia and North America among their main destinations.

The report also says industrial AI systems are moving from demonstrations onto factory production lines, while four listed firms presented their work at an event held alongside its release.

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What people are saying

Chen YiKPMG China East and West Region chief partner
The Yangtze River Delta combines a complete industrial chain with deep basic research, giving it unique advantages in developing the intelligent economy and making it a core source of China’s development in this field.
via China News Service
Zhou ZhenKPMG China Yangtze River Delta G60 Science and Technology Innovation Corridor project managing partner
This chain-based ecosystem allows companies to assemble upstream and downstream resources within a few hours’ drive, significantly lowering the cost of innovation and trial and error.
via China News Service