An artificial intelligence fund was recently established in Guiyang, capital city of southwest China’s Guizhou province.

The 150 million yuan ($23.72 million) fund will be used as target investments for robotics platforms and programs of the city.

Co-founded by Guiyang High-tech Industrial Investment Group, Guiyang Baiyun Industry Development & Investment Company and Tekang Technology Holding, the fund aims to further promote the development of Guiyang’s robotics industry.

Guiyang has made a huge breakthrough in artificial intelligence in 2017. Major information companies, including Intel and iFlytek, have settled in the city to develop artificial intelligence industries, including intelligent robots, advanced voice call systems and face recognition.

An artificial intelligence fund was recently established in Guiyang, capital city of Southwest China’s Guizhou province. [Photo provided to chinadaily.com.cn]