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The Global Blockchain Devices Market size is expected to reach $3.8 billion by 2028, rising at a market growth of 37.5% CAGR during the forecast period

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New York, March 22, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Blockchain Devices Market Size, Share & Industry Trends Analysis Report By Connectivity, By Component, By End User, By Application, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06435169/?utm_source=GNW
In addition to other smart gadgets, they are utilized in cars and other personal identification devices. The increased demand for blockchain technology has been attributed to the devices’ better level of security encryption. There are many different kinds of blockchain devices, including smartphones, hardware wallets for cryptocurrencies, ATMs, and point-of-sale systems. Furthermore, as wireless technologies like Wi-Fi, Bluetooth, NFC, and others evolve, they benefit the technology, increasing demand for blockchain devices globally.

The market for blockchain devices is primarily driven by the expanding desire for quicker and more seamless financial transactions, rising interest in using blockchain technology for supply chain management, and expanding cryptocurrency markets. Additionally, it is anticipated that growing government regulations and initiatives regarding blockchain technology and devices, acceptance of cryptocurrencies in various industry verticals, acceptance of blockchain technology for payment, smart contracts, and digital identity, and adoption of blockchain technology are all expected to create lucrative market opportunities.

The four primary categories of blockchain devices include blockchain cellphones, crypto hardware wallets, point of sale (POS) terminals, and automated teller machines (ATMs). Because of blockchain technology, users of blockchain cell phones have more control over their online identities and data. Blockchain devices come in both wired and wireless connectivity varieties. Both private and commercial applications employ blockchain technology. Consumers, the BFSI sector, retail and e-commerce, government, travel & hospitality, the automotive industry, logistics and transportation, IT and telecommunications, and other businesses are some major end-users of blockchain technology.

COVID-19 Impact Analysis

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The COVID-19 outbreak has affected the market expansion for blockchain devices. From a geographical standpoint, the COVID-19 outbreak has severely impacted nations with export-oriented economies because of the shutdown of manufacturing plants. This scenario shows the market for blockchain-based devices while considering the pandemic’s present effects. As a result of the impacted supply chains and the limited acceptance of blockchain devices in 2020 and the initial months of 2021 as a result of lockdowns and shifting priorities of the healthcare and other end-use industries, the market is likely to experience a slight decline in year-over-year growth in 2021 in this scenario.

Market Growth Factors

Increasing visibility of blockchain technology’s benefits in the BFSI industry

The financial services sector will benefit from better accuracy and safe information sharing due to blockchain technology’s ability to create secure, tamper-proof ledgers. In addition, blockchain systems promote the development of a network of open, real-time-accessible public records of transactions. Also, each transaction on the blockchain has an immutable record of the transactions and asset ownership. As a result, there is a marked reduction in risk and the requirement for corresponding mitigation actions for various asset classes. Blockchain technology can facilitate safer and easier information sharing amongst financial institutions by storing client data on decentralized blocks. These factors are expected to cause the market to grow throughout the projection period.

Grown acceptance of cryptocurrency as payment mode

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The increasing acceptance of cryptocurrencies fosters the growth of a healthy cryptocurrency ecosystem. Future demand for blockchain devices like PoS systems in the retail sector is anticipated to be fueled by the growth of cryptocurrency exchange. Numerous businesses provide bitcoin cards that resemble conventional debit and credit cards. By connecting their cards with cryptocurrency wallet apps, the user may manage the money or tokens on their cards. These factors are anticipated to boost market expansion in the approaching years.

Market Restraining Factors

Challenges regarding security, privacy and control associated with blockchain technology

Blockchain technology has the capacity to revolutionize and simplify transactions. Yet, enterprises must solve privacy, security, and control issues to gain the benefits of blockchain. Because blockchain transactions are recorded on a distributed public ledger, hackers have a greater attack surface to obtain access to sensitive data. For example, if a blockchain device is employed to store confidential contract information or payment data, duplicating the file may give hackers greater access to the information. The poor implementation of cryptographic solutions is because privacy is a significant obstacle for these solutions, which may impede market expansion in the next years.

Component Outlook

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By component, the blockchain devices market is segmented into hardware wallet, blockchain smartphones, PoS devices, crypto ATMs, blockchain IoT gateways, and other devices. In 2021, the blockchain smartphone segment recorded remarkable growth in the blockchain devices market. With built-in Web3 connectivity, a blockchain phone is a smartphone. Anyone can use a mobile device to browse the decentralized web due to this. However, in comparison to their desktop counterparts, Web3 mobile applications can feel clumsy. Although mobile Web3 app user experiences have significantly improved in recent years, engaging with blockchains and smart contracts on a smartphone is still notoriously difficult.

Connectivity Outlook

On the basis of connectivity, the blockchain devices market is fragmented into wired and wireless. The initial generation of blockchain technology is still in its infancy, and most of the devices are wired. A key driver for the wired segment is the expanding market for cryptocurrency ATMs. Furthermore, wired devices include preconfigured ones like blockchain computers. By connecting the hardware wallet to a personal computer, users of wired hardware wallets can conduct safe digital transactions on the blockchain.

Application Outlook

Based on application, the blockchain devices market is categorized into personal and corporate. In 2021, the corporate segment registered the highest revenue share in the blockchain devices market. The adoption of blockchain, artificial intelligence, machine learning, and IoT across the supply chain by enterprises is driving this increase. Data tampering cannot happen in a supply chain management system incorporating these technologies and distributed ledger technology (DLT) from the blockchain. Because of its decentralized structures, blockchain enables fast transactions, better security and privacy for users, and the capacity to track individual components.

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End User Outlook

By end user, the blockchain devices market is bifurcated into consumer, BFSI, government, retail & e-commerce, travel & hospitality, automotive, transportation & logistics, IT & telecommunication and others. In 2021, the BFSI segment covered a considerable revenue share in the blockchain devices market. A systematic customer identification system based on distributed ledger technology is provided by deploying blockchain technology in the banking, financial services, and insurance (BFSI) sector. Blockchain enables financial institutions like banks and insurance providers to have well-maintained decentralized data, reducing the risk of cybercriminals hacking these systems. As more businesses in the BFSI sector use blockchain technology, the market for blockchain devices continues to expand.

Regional Outlook

Region wise, the blockchain devices market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region led the blockchain devices market by generating maximum revenue share. The United States and Canada are pioneers in the usage of blockchain technology. Microsoft (U.S.), IBM (U.S.), and Oracle are the main blockchain service providers in North America (U.S.). These participants offer blockchain services that can be linked with blockchain hardware and IoT devices to track and monitor assets along the supply chain.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), HTC Corporation, Infineon Technologies AG, Pundi X Labs Pte Ltd, Riddle & Code GmbH, Ledger SAS,GENERAL BYTES S.R.O., Satoshi LABS, Bitaccess, Inc., and AVADO AG.

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Scope of the Study

Market Segments covered in the Report:

By Connectivity

• Wired

• Wireless

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By Component

• Hardware Wallets

• Crypto ATMs

• Blockchain Smartphones

• PoS Devices

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• Blockchain IoT Gateways

• Others

By End User

• Consumer

• Travel & Hospitality

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• Automotive

• IT & Telecommunication

• BFSI

• Retail & E-commerce

• Government

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• Others

By Application

• Corporate

• Personal

By Geography

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• North America

o US

o Canada

o Mexico

o Rest of North America

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• Europe

o Germany

o UK

o France

o Russia

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o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

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o Japan

o India

o South Korea

o Singapore

o Malaysia

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o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

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o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

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• Samsung Electronics Co., Ltd. (Samsung Group)

• HTC Corporation

• Infineon Technologies AG

• Pundi X Labs Pte Ltd

• Riddle & Code GmbH

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• Ledger SAS

• GENERAL BYTES S.R.O.

• Satoshi LABS

• Bitaccess, Inc.

• AVADO AG

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Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

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• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06435169/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

2024 Tang Prize Laureates Announced: Six Global Visionaries to Be Honored in Taiwan This September

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TAIPEI, June 22, 2024 /PRNewswire/ — The prestigious 2024 Tang Prize Laureates have been announced, recognizing outstanding contributions in various fields. The Tang Prize in Sustainable Development is awarded to American chemist Omar M. Yaghi. In the field of Biopharmaceutical Science, the prize is jointly awarded to Joel F. Habener, Svetlana Mojsov, and Jens Juul Holst. University Professor Emeritus Hsu Cho-yun of the University of Pittsburgh and Academician of Academia Sinica is honored with the Tang Prize in Sinology. Mary Robinson, a former lawyer and senator, former president of Ireland, former United Nations High Commissioner for Human Rights, and current Chair of The Elders, is awarded the Tang Prize in Rule of Law. These six distinguished laureates will be formally honored at an upcoming ceremony to be held in Taiwan this September.

The Tang Prize in Sustainable Development is awarded to Omar M. Yaghi, for his extraordinary contributions to sustainable development, particularly his pioneering work with Metal-Organic Frameworks (MOFs) and other ultra-porous frameworks that can be tailored for carbon capture, hydrogen and methane storage, and water harvesting from desert air. His research has revolutionized the field of chemistry and materials science, offering transformative solutions for sustainable development through the creation of customizable materials with exceptional properties.
Professor Joel F. Habener, Professor Svetlana Mojsov, and Professor Jens Juul Holst have been jointly awarded the Tang Prize in Biopharmaceutical Science, for the discovery of GLP-1 (7-37) as an insulinotropic factor and the development of GLP-1 (7-37)-based anti-diabetic and anti-obesity drugs.
University Professor Emeritus Hsu Cho-yun is awarded the Tang Prize in Sinology for his exceptional contributions to the field of Sinology. Professor Hsu’s illustrious academic career has been distinguished by his holistic approach to the study of ancient Chinese history, seamlessly integrating an exploration of cultural and intellectual exchanges between China and the world. With his profound erudition and unwavering public spirit, Professor Hsu embodies the quintessential Sinologist, possessing both a deep historical sensibility and a broad, worldly vision.
The Tang Prize in Rule of Law is awarded to Professor Mary Robinson, for her “powerful advocacy for the most disadvantaged in different spheres, including gender equality, poverty alleviation, human rights, and climate justice.” In particular, the Selection Committee noted that her “passionate endeavors demonstrated an effective combination of legal acumen and practical solutions.” The Committee also noted that “from the national to the global stage, legal and political, she has innovatively transformed and expanded the various positions in which she has served to strengthen the rule of law.”
About the Tang Prize
Since the advent of globalization, mankind has been able to enjoy the convenience brought forth by the advancement of human civilization and science. Yet a multitude of challenges, such as climate change, the emergence of new infectious diseases, wealth gap, and moral degradation, have surfaced along the way. Against this backdrop, Dr. Samuel Yin established the Tang Prize in December 2012. It consists of four award categories, namely Sustainable Development, Biopharmaceutical Science, Sinology, and Rule of Law. Every other year, four independent and professional selection committees, comprising many internationally renowned experts, scholars, and Nobel winners, choose as Tang Prize laureates people who have influenced and made substantive contributions to the world, regardless of ethnicity, nationality or gender. A cash prize of NT$50 million (approx. US$1.7 million) is allocated to each category, with NT$10 million (approx. US$ 0.35 million) of it being a research grant intended to encourage professionals in every field to examine mankind’s most urgent needs in the 21st century, and become leading forces in the development of human society through their outstanding research outcomes and active civic engagement.
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Key Tech Stocks Optimizing AI Usability and Infrastructure for a $20-Trillion Future

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USA News Group CommentaryIssued on behalf of Avant Technologies Inc.
VANCOUVER, BC, June 21, 2024 /PRNewswire/ — USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there’s clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ: NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA’s market cap is currently larger than each of Europe’s largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that AI and cryptocurrency could inject $20 trillion into the global economy by 2030, the best minds in the tech sector are moving their pieces into place to secure their piece of the pie. Behind the scenes, tech stocks are optimizing the infrastructure, security, and usability of AI, including new developments from Avant Technologies Inc. (OTCQB: AVAI), International Business Machines Corporation (IBC) (NYSE: IBM), Cloudflare, Inc. (NYSE: NET), and Accenture plc (NYSE: ACN).

Known as a pioneer in the sector for its innovative AI technology, Avant Technologies Inc. (OTCQB: AVAI) has improved its main product, Avant AI™. This sophisticated AI system, celebrated for its advanced machine and deep learning capabilities, is adaptable across a wide range of industries.
In a recent strategic development, Avant has signed a Binding Letter of Intent (BLOI) with Flow Wave, LLC (FW), a Florida-based leader in immersible computer server technology. This agreement allows Avant to acquire up to 50 cutting-edge immersible computer servers from FW in a deal valued at $50 million.
“Avant’s revolutionary AI software platform is poised to transform the landscape of data center management,” said William Hisey, CEO of Avant.  “By integrating proprietary machine learning algorithms with open-source innovations into these servers, Avant is developing a highly intelligent system designed to optimize resource allocation, enhance performance, and drive unprecedented levels of efficiency and automation. This marks the beginning of a new era for Avant Technologies, positioning us at the forefront of the supercomputer-driven data center industry and setting new standards for managing and storing AI applications.”
Flow Wave Immersible AI Supercomputer Servers are great for heavy AI and machine learning tasks because they have strong processing power, meaning they can analyze data faster and more efficiently. Their special cooling technology uses less energy, saving money and reducing environmental impact. The servers are also compact and easy to set up, making them ideal for data centers with limited space. Plus, their design helps them last longer and require less maintenance.
Avant plans to tackle the challenges of the digital age by buying up to 50 of these high-performance servers from Flow Wave. These servers, with their advanced cooling technology, boost performance and save energy. This deal shows Avant’s dedication to providing top-notch AI infrastructure and improving efficiency. More details about the transaction will be shared once a definitive agreement is finalized.
One of the most active tech giants in the AI space is International Business Machines Corporation (IBC) (NYSE: IBM), which recently released a new methodology through its IBM Research® wing called LAB (Large-Scale Alignment for ChatBots), through an open-source project called InstructLab with its subsidiary Red Hat®, which IBM acquired for $34 billion in 2019. The InstructLab project builds on the LAB technique for a community-driven approach to language model development through skills and knowledge training.
As well, IBM has teamed up with WPP and LinkedIn to launch a new business-to-business (B2B) solution powered by IBM’s AI and data platform watsonx, designed to reinvent how B2B markets identify and engage clients and prospects across the buying journey. WPP Open for B2B will help marketers solve complex B2B marketing challenges, accurately identify and engage buying groups, and improve clients’ return on investment.
“B2B marketers have been focused on creating truly personalized, relevant and consistent experiences for buying groups at scale for years,” said Jonathan Adashek, Senior Vice President of Marketing and Communications at IBM. “Our collaboration with WPP and LinkedIn provides real-time, actionable insights that are based on trusted data. We are excited to create and use these new, powerful and trusted AI solutions to deliver a force multiplier for B2B marketing.”
Cloud-based security solution provider Cloudflare, Inc. (NYSE: NET) recently announced the general availability of its AI Gateway platform, dubbed as a unified interface for managing and scaling the generative AI workloads of clients. Since its beta launch in September 2023, AI Gateway has handled over 500 million requests and is now ready for full client use.
The general availability release followed upon another Cloudflare announcement of a collaboration with Hugging Face, the leading open and collaborative platform for AI builders, for a one-click-simple global deployment for AI applications. With its Workers AI platform now generally available, Cloudflare became the first serverless inference partner integrated on the Hugging Face Hub for deploying models, enabling developers to quickly, easily, and affordably deploy AI globally, without managing infrastructure or paying for unused compute capacity.
“Workers AI is one of the most affordable and accessible solutions to run inference,” said Matthew Prince, CEO and co-founder, Cloudflare. “With Hugging Face and Cloudflare both deeply aligned in our efforts to democratize AI in a simple, affordable way, we’re giving developers the freedom and agility to choose a model and scale their AI apps from zero to global in an instant.”
Reporting impressive generative AI revenues in its latest Q3 2024 fiscal results has caused shares of Accenture plc (NYSE: ACN) to jump this week, reporting more than $900 million in generative AI bookings in the latest quarter alone.
“Our actions to stay laser-focused on the needs of our clients are clear in our third quarter results,” said Julie Sweet, Chair and CEO of Accenture. “We… achieved two significant milestones this quarter — with $2 billion in Generative AI sales year-to-date and $500 million in revenue year-to-date — which demonstrate our early lead in this critical technology.”
Prior to the financial report, Accenture announced its intent to acquire Italian-based network services company, Fibermind, which specializes in fiber and mobile 5G networks deployment, as well as infrastructure engineering services. Together, Accenture and Fibermind will offer clients network engineering capabilities, deep industry knowledge, and technology assets powered by automation, robotics, data and AI.
Prior to its surge into the position as the world’s most valuable publicly-traded company, NVIDIA Corporation (NASDAQ: NVDA) made a pair of announcements, further cementing its role in the AI revolution.
The first was the announcement of its NVIDIA Omniverse Cloud Sensor RTX, a set of microservices that enable physically accurate sensor simulation to accelerate the development of fully autonomous machines of every kind, allowing developers to test sensor perception and associated AI software at scale in physically accurate, realistic virtual environments prior to real-world deployment.
The second announcement was the NVIDIA AI Computing by HPE, a portfolio of AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI, co-developed with Hewlett Packard (HP).
“Generative AI and accelerated computing are fueling a fundamental transformation as every industry races to join the industrial revolution,” said Jensen Huang, Founder and CEO of NVIDIA. “Never before have NVIDIA and HPE integrated our technologies so deeply – combining the entire NVIDIA AI computing stack along with HPE’s private cloud technology – to equip enterprise clients and AI professionals with the most advanced computing infrastructure and services to expand the frontier of AI.”
All NVIDIA AI Computing offerings by HPE will be available through a combined marketing strategy involving sales teams, channel partners, and training. This strategy includes a global network of system integrators such as Deloitte, HCLTech, Infosys, TCS, and Wipro. These integrators will assist enterprises across various industries in running complex AI workloads.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/ 
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USA NEWS [email protected](604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Avant Technologies Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Avant Technologies Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Avant Technologies Inc. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Avant Technologies Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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2024 World Intelligence Expo Begins with a Grand Opening in Tianjin

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TIANJIN, China, June 21, 2024 /PRNewswire/ — On June 20th, Tianjin hosted the opening of the 2024 World Intelligence Expo (WIE). Under the theme “Intelligence: Expansive Development Space, Sustainable Growth Driver,” the event was co-organized by the people’s governments of the Tianjin and Chongqing municipalities.

Chinese President Xi Jinping sent a congratulatory letter to the expo, pointing out that AI, as an important driving force for a new round sci-tech revolution and industrial transformation, will have a far-reaching impact on global economic and social development and human civilization progress. In his letter, Xi also noted that China has attached great importance to the development of AI, actively driven the deep integration of the Internet, big data and AI with real economy to cultivate and build the intelligent industry, accelerate the development of new quality productivity, and provide new momentum for high-quality development.
Chen Min’er, secretary of the CPC Tianjin Committee, addressed the opening ceremony of the expo. Wan Gang, chairman of China Association for Science and Technology, delivered the keynote speech. Hu Henghua, mayor of Chongqing; Wu Zhaohui, vice president of Chinese Academy of Sciences; Liu Liehong, head of the National Data Administration; Long Teng, vice minister of the Ministry of Science and Technology; and Shan Zhongde, vice minister of the Ministry of Industry and Information Technology, addressed the expo, respectively. Tianjin Mayor Zhang Gong presided over the opening ceremony.
In his speech, Chen Min’er pointed out that Tianjin has been adhering to sci-tech innovation and industrial innovation at the same time, actively propelling exploration and practical applications in the realm of AI, and accelerating the development of new quality productivity to better empower its high-quality development and living. Chen added, “Leading sci-tech innovation with intelligence, Tianjin will rev up the R&D and application of some key core technologies, vigorously develop the sci-tech service sector, streamline the supply and demand channels for sci-tech achievements, boost sci-tech and innovation parks to improve their quality and efficiency, and accelerate the inter-sector application of AI to help innovation and breakthroughs in the fields of life science, low-carbon technology, and future research.
According to Hu Henghua, Chongqing is speeding up in digital industrialization and industrial digitization to build itself into a new digital economy highland. The 2025 World Intelligence Expo is scheduled to be held in Chongqing. Hu invited everyone to delineate a new AI landscape together, share golden opportunities during the digitization of Chongqing, and co-build a promising future in the AI era.
Wu Zhaohui suggested strengthening the inter-discipline cooperation to consolidate the AI research foundation, enriching AI scenarios with applets, and deepening industry-institute interactions to build an AI innovation ecosystem.
Zeng Yi, chairman of China Electronics Corporation; Chen Zhongyue, chairman of China Unicom; Yang Yuanqing, chairman and CEO of Lenovo; and Zhou Hongyi, founder of Qihoo 360 delivered speeches.
Contact: Xing MeiqiTel: 0086-22-28209030E-mail: [email protected]
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