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Innovation works completed 2.5 billion yuan to set up Greater Bay Area Institute of Artificial Intelligence.
On June 5th, at the opening ceremony of the headquarters in Greater Bay Area, innovation works, Tao Ning, president of innovation works, announced that the third RMB fund of innovation works had been raised, with a fund scale of 2.5 billion yuan. In addition, Greater Bay Area Institute of Artificial Intelligence, which integrates three functions of "industrial investment +AI research institute+business empowerment", was formally established.

Tao Ning said that innovation works is a technology VC with strong technology genes, and prefers to invest in technology-driven companies. She said that at present, the third phase of RMB fund in innovation works has been raised, with a fund scale of 2.5 billion yuan and settled in Guangzhou. Its main investment directions are artificial intelligence, big data, education, consumption upgrading and B2B enterprise services. Up to now, the scale of dual-currency funds managed by innovation works is about 654.38+0.5 billion RMB.

At the same time, relying on the scientific research resources of universities in Guangdong, Hong Kong and Macao, innovation works established innovation works Greater Bay Area Institute of Artificial Intelligence in Guangzhou. Wang Yonggang, executive director of innovation works Artificial Intelligence Engineering Research Institute, said that the institute is a local branch of innovation works Artificial Intelligence Engineering Research Institute. We will focus on the development of artificial intelligence technologies related to information perception and understanding and process automation, and explore the landing scenarios of related technologies in the fields of finance, manufacturing, retail and logistics. Zhang Tong is an international expert in machine learning, a research partner of innovation works and honorary chairman of Greater Bay Area Institute of Artificial Intelligence.

Greater Bay Area Institute of Artificial Intelligence in innovation works has two R&D laboratories, namely, information perception and understanding laboratory and process automation laboratory. Relying on the scientific research resources of the joint laboratory established by innovation works in HKUST, we will develop cutting-edge technologies such as natural language understanding, visual perception, knowledge representation, intelligent analysis, intelligent planning and decision-making, and explore the commercialization of AI in Greater Bay Area.

At present, innovation works Institute of Artificial Intelligence Engineering has seven laboratories, namely, smart medical laboratory, robot laboratory and big data laboratory located in Beijing headquarters, machine learning laboratory and computational finance laboratory located in Nanjing, information perception and understanding laboratory and process automation laboratory located in Guangzhou and Shenzhen. "In the future, innovation works Research Institute of Artificial Intelligence Engineering will mainly focus on four aspects: extensive scientific research cooperation, cutting-edge artificial intelligence technology research and development, artificial intelligence personnel training, artificial intelligence technology output and business empowerment." Wang Yonggang said.

Up to now, the total number of investment projects in innovation works has exceeded 370, and 14 unicorns have been cultivated. In the field of artificial intelligence, innovation works has invested in five AI unicorns, which are distributed in unmanned driving, AI chips, computer vision, finance and other fields.

Author Liu Jingfeng