TECH China's Shandong expects over 500 AI firms by 2022


China's Shandong expects over 500 AI firms by 2022


02:07, November 20, 2019

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(Photo: China Daily)

JINAN, Nov. 19 (Xinhua) -- China's industrial province of Shandong will have more than 500 companies in the field of artificial intelligence (AI) technologies by 2022, a report said.

The report was released Tuesday at the 2019 World Artificial Intelligence Integration and Development Conference hosted by the provincial department of industry and information technology in the provincial capital city of Jinan.

According to the report, robotics is currently the largest subcategory of Shandong's AI industry, with more than 120 smart robot manufacturers and related companies generating an annual output of around 20 billion yuan (about $2.8 billion) in 2018.

The department also posted technical demands in 100 application scenarios related to the integration of AI and manufacturing, transportation, logistics, finance and other industries.

Ji Binchang, head of the department, said Shandong has implemented a three-year action plan to further boost the AI industry.

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