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Shangtang technology will set up EMEA ai r & D center in Abu Dhabi this year original title: Shangtang technology will set up EMEA ai r & D center in Abu Dhabi this year source:

[techweb] on July 24, according to foreign media reports, sensetime, the world's leading AI company, and Abu Dhabi Investment Office (adio) reached a strategic cooperation agreement

as part of the strategic cooperation agreement, Shangtang technology will set up EMEA (Europe, Middle East and Africa) artificial intelligence R & D center in Abu Dhabi. The R & D center is expected to be established in 2019, marking the company's first entry into EMEA

in the next five years, the company's AI centre of excellence is expected to create hundreds of jobs, most of which will be highly skilled engineers

as an AI innovation platform, the company is taking the lead in using AI as a value creation tool to promote enterprise growth. The company is providing technology to achieve autonomous driving, augmented reality (AR), medical image analysis, remote sensing and photo quality enhancement

the Abu Dhabi Investment Office (adio) will provide a comprehensive support program to help Shangtang technology establish the research and development business of emea3 according to the experimental shape and size

when signing the agreement, the chairman of the Abu Dhabi Ministry of economic development said: "We are very pleased to welcome Shangtang technology to Abu Dhabi. As part of the ghadan 21 project, we are helping some of the world's best companies establish business in this emirate to encourage innovation and create future employment opportunities. For Shangtang technology, this partnership is a crucial opportunity to accelerate its R & D roadmap and expand in the region under small deformation conditions. Shangtang technology will Become an anchor point to promote and simplify the adoption of AI technology by industries and governments in EMEA. "

at present, Shangtang technology has offices in Chinese Mainland, Hong Kong, Singapore and Japan. The company has more than 700 leading customers, including Alibaba, China Mobile, Qualcomm and Honda

it is reported that Shangtang technology is a pure artificial intelligence company with the highest valuation and the fastest growth in the world. In May last year, the company announced that it had completed the c+ round of financing of US $620million, with a valuation of more than US $4.5 billion. It was led by Hopu investment, Silver Lake investment, Tiger Fund, Fidelity International, and followed by Shenzhen innovation investment group, Bank of China Group Investment Co., Ltd., Shanghai Free Trade Zone fund, all star investment fund, etc. In September last year, Softbank China invested $1billion in Shangtang technology, raising its valuation to $6billion

Abu Dhabi's AI centre of excellence will be the company's first branch in Europe, the Middle East and Africa. The R & D center will focus on the development of artificial intelligence technology in seven different industries, such as medical treatment, remote trust, the sense of technical support of our manufacturers, and education

with the support of the Abu Dhabi government, this new R & D center will be committed to developing product solutions for regional customers with local talents

Xu Li, co-founder and CEO of Shangtang technology, said: "The opportunity to establish important business in Abu Dhabi will enable us to continue to promote the development of our technology and increase the adoption of artificial intelligence in the world based on practical work experience. Abu Dhabi has provided us with the ability to enhance innovation in key areas, help us develop new customers, and more importantly, help us gather more excellent talents." (Little Fox)

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