Microsoft Corporation has established an Artificial Intelligence (AI) and Internet of Things (IoT) Insider Lab in Shanghai to aid digital development across industries, reported Xinhua.
The lab, which began operations on Wednesday, is established in partnership with the state-run Zhangjiang Group. It is their fourth and largest lab run by Microsoft around the world.
Microsoft said the lab provides “all-around support” for enterprises that have set up inside the lab and taps into IoT and AI technologies to fuel the digital transformation taking place across several industries, including manufacturing, retail, healthcare, finance and urban construction.
Thirty Chinese and foreign businesses have been selected out of some 300 applicants as the first batch of “enterprises of empowerment” in the lab. They include startups, among which 21 are based in Shanghai, and multinational corporations, such as ABB Engineering (Shanghai) Ltd. and Pan Asia Technical Automotive Center Co., Ltd.