Chinese unicorn Terminus officially launched AI City program, the next generation of smart city, and unveiled the first world-class AI City in Southwest China’s Chongqing – Cloud Valley, in Beijing on Wednesday.

The Cloud Valley in Chongqing provides records in sectors including the most complete 5G urban smart ecology, the first robot-friendly park, the largest walk-in roof garden, perfect integration of technology and art in cyberspace, carbon-neutral and low-energy-consuming communities.

“We believe that the best AI City project in the world will be in China,” said Ai Yu, founder and CEO of the artificial intelligence and Internet of Things startup, at the launch ceremony.

“Because we think China has the best soil to build an AI city with technology, government investment in technology, a very open market environment, the world’s leading closed-loop supply chain and the Chinese speed. We can use every single day as a node to promote and evaluate the city construction,” Ai added.

Typically, a city’s infrastructure is built from top to bottom, with a big blueprint first and then construction based on it, said Jonathan Woetzel, a McKinsey & Company senior partner and director of the McKinsey Global Institute.

“Smart infrastructure is the other way around,” said Woetzel. It is based on needs and choices of the residents.

Terminus was named Expo 2020 Dubai’s Premier Partner in July, and will deploy more than 150 programmable robots for the event.

The company also announced plans to establish its first overseas headquarter and R&D center in Dubai, located in District 2020, a venue that the expo area will be transformed into soon after the event is finished.

Founded in 2015, Beijing-based Terminus was listed in 2020 Hurun Global Unicorn List with a evaluation of 10 billion yuan.

As of April 2020, it had obtained 883 authorized patents, including 559 patents for invention, the company said on its website.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Sale of Speedway gas stations buys Marathon breathing room

SILVER SPRING, Md. — The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to quash travel and smother demand for gasoline and jet fuel. Wall Street focused on the…

Samsung’s phone fortunes wane as COVID-19 hits 5G phones in Europe and U.S.

SEOUL (Reuters) – When the coronavirus outbreak in China disrupted global smartphone production in February, Samsung looked set to weather the crisis better than most thanks to its limited exposure there and launches of pricey 5G phones. Its fortunes are…

China’s total foreign trade volume up 6.5% in July

China’s total foreign trade volume up 6.5 percent to 2.93 trillion yuan in July, customs data shows on Friday. The country’s exports grew by 10.4 percent year-on-year to 1.69 trillion yuan in July, while its imports amounted to 1.24 trillion…

YouTube: No “birther” conspiracy videos for 2020 election

MOUNTAIN VIEW, Calif. — YouTube is making clear there will be no “birtherism” on its platform during this year’s U.S. presidential election. Also banned: Election-related “deepfake” videos and anything that aims to mislead viewers about voting procedures and how to…