Shanghai tapping upcoming AI conference to woo foreign investment amid trade-war slump

AI – which is transforming everything from finance to transport – is one of three key areas Shanghai is focusing on to help it through its slump. — SCMP

Shanghai hopes to use a high-profile artificial intelligence conference to woo international heavyweights to make AI investments at a time its economy is feeling the sting of the US-China trade war.

AI – which is transforming everything from finance and health care to manufacturing and transport – is one of three key areas Shanghai is focusing on to help it through its slump and build up its reputation as the go-to Chinese city for international companies. The other areas are integrated circuits and biotechnology.