Meanwhile, Shanghai has made the first move towards the establishment of an AI pilot zone in the Xuhui district of the city and is considered to be on the right track with regard to the development of AI. The program, unveiled by regional officials today, seeks to establish a vibrant AI industry base.

The pilot zone will be 5km2, where the center of attraction for the company will be established, and willing AI domestic and international companies, research institutes, and startups. They plan to build it in the innovation centre of the city of Shanghai, where many high-tech companies and educational facilities are situated already.

The functionalities that the city officials say will be covered by the AI pilot zone in the city include Machine learning, Natural language processing, Computer vision, and robotics. The zone is believed to draw talent people all over the world and help build links between academies and companies.

The pilot zone aims at, among other things, promoting the advanced development and commercial use of artificial intelligence solutions. To this end, the local government has made a firm financial promise and issued many policy preferences for enterprises within the zone. These are: tax relief, administrative ease, and utilization of better research infrastructure.

Some of the biggest players in the tech industries have already shown interest in signing deals to locate their new artificial intelligence hub there. Some of the representatives of this industry are domestic giants such as Alibaba, Tencent, Baidu, Microsoft, and IBM are among international companies. These industry leaders are expected to create a domino effect where other startups will complete the ecosystem for AI in Australia.

The recent establishment of the AI pilot zone targets with Shanghai’s long-term vision of being a STI city. The city authorities are convinced that developing the latest solutions and promoting AI research and implementation in Shanghai, the city can strengthen its position on the global market and contribute to economic development.

However, the pilot zone will also be targeted at advancing the AI-based solutions in such spheres as a commercial interest. This includes area such as healthcare, Eco system protection and research, smart city solutions among others. In this way, Shanghai wants to showcase the benefits of AI application in people’s lives and to create favorable perception of the technology among the population.

Other components of the AI pilot zone initiative are education and talent development. The city also intends to partner with local universities to start AI-specific programs and research institutes in the zone. This will assist in developing a new culture of AI specialists, thereby creating a constant flow of capable professionals to serve the rising market.

To counterbalance any ethical issues that may arise in the development of AI, the pilot zone will employ an ethics committee. This body will be tasked with setting up a code of ethics and correlated standard practices in the leeward of effectual revolutionary artificial intelligence. It will also collaborate with the regulating authorities to ensure that every developed AI innovation is legal and legalistic.

People in the tech industry and the public have welcomed the launch of the AI pilot zone. Some consider it a huge leap in the city’s quest to realize its dream of becoming the home of AI around the world. However, others have pointed out that the future success of the initiative will again depend on the manner of implementation plus support from the relevant authorities and policymakers as well as other players within the private sector.

When the AI pilot zone begins to materialize over the coming months, Shanghai will be the center of focus for this project. Given the currently available data, proper policies used by the government, talent concentration, and geographical location, the zone is likely to be a major player in the advancement of AI across the global market. It could set a precedent for other cities that are planning to use artificial intelligence for the development of their economy and society in general.