Artificial intelligence to be showcased in Guangzhou

A business conference featuring the technology and advancement of artificial intelligence will be held during October in Guangzhou, the capital of Guangdong province, according to the organizing group, International Data Group (IDG).

The event, named the Canton Tower Science and Technology Conference, was designed to help facilitate Guangzhou's strategy of developing the industries of IAB, as well as the new generation of information technology, artificial intelligence and biological medicine, and key industries for economic growth, according to IDG.

"We are planning to set up an industrial fund of 10 billion yuan ($1.47 billion) for the development of artificial intelligence," according to Wang Guilin, the director of the Guangzhou Science Technology and Innovation Commission.

Wang added Guangzhou would also build a large industrial development park of artificial intelligence in the city"s booming district of Nansha.

"The conference will help introduce more talents and companies in the artificial intelligence sector as we are improving the environment for industrial development," he said.

The annual conference, which launched in 2016, drew the attendance of 8,000 industrial insiders last year, according to IDG.