40 firms ink contracts with Dongjing AI base

Forty companies signed contracts with the Dongjing Artificial Intelligence Industrial Base in Songjiang on Wednesday, their total investment amounting to 20.03 billion yuan (US$3.04 billion).

The AI base in Dongjing Town, an essential “tectonic plate” of Songjiang’s G60 High-tech Corridor vision that manifests its strength in advanced manufacturing, has attracted a batch of high-tech companies represented by CSG Smart Science and Technology Co to set up headquarters in the park.

Among the 40 companies are robot manufacturing, smart equipment and smart health firms.

In addition, several AI-related platforms represented by Tencent Youtu Innovation Center were also launched during the signing ceremony on Wednesday, marking a change in the development concept of the AI base from its former focus on key companies to a full industrial chain layout.

A guideline on building Dongjing as an AI demonstration town was also released on the occasion.

The rise of the AI industry in Dongjing somehow offsets disadvantages the COVID-19 pandemic is imposing on the town’s local economy. According to statistics, Dongjing Town’s local fiscal revenue from January to October this year rose 3.71 percent year on year, coming out in front among various towns and communities in the suburban district.