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Home ยป Shanghai StateOwned Enterprises AI Initiative Launched to Embrace Industry Transformation Driven by Artificial Intelligence

Shanghai StateOwned Enterprises AI Initiative Launched to Embrace Industry Transformation Driven by Artificial Intelligence

By adminJul. 7, 2024No Comments5 Mins Read
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Shanghai StateOwned Enterprises AI Initiative Launched to Embrace Industry Transformation Driven by Artificial Intelligence
Shanghai StateOwned Enterprises AI Initiative Launched to Embrace Industry Transformation Driven by Artificial Intelligence
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CoinWorld reports:


On July 7th, Cao Lei, a reporter from Eastday, reported: On July 6th, at the closing ceremony of the 2024 World Artificial Intelligence Conference, He Qing, Secretary and Director of the Municipal State-owned Assets Supervision and Administration Commission (SASAC), Cheng Peng, Secretary of the Party Committee for Economic and Information Technology Work, and representatives from 11 municipal-owned enterprises jointly launched the “Shanghai State-owned Assets and State-owned Enterprises AI+ Action Initiative.” They pledged to “empower state-owned assets with AI, leading in large-scale AI models and edge applications, and shaping the future of state-owned enterprises.” This initiative showcased Shanghai’s proactive embrace of artificial intelligence technologies and its strategic determination to promote the application of large-scale AI models and edge-side applications.

The Municipal SASAC has long prioritized leveraging large-scale AI models to transform and upgrade state-owned assets and enterprises. Shanghai’s action plan for deepening and enhancing the reform of state-owned enterprises (2023-2025) explicitly states its commitment to “promoting the transformation and upgrading of traditional industries towards digitalization and greenization, deepening the integrated innovation and market application of digital technologies such as artificial intelligence, blockchain, and big data, and better empowering the transformation and upgrading of manufacturing and service industries, thereby creating innovation demonstrations in fields such as connected vehicles, smart transportation, trade, and finance.” The “2024 Key Points for Digital Transformation of Municipal State-owned Enterprises” further specifies that state-owned assets and enterprises will focus on infrastructure development for large-scale models, pioneering applications of vertical models, and advancing the “AI+” initiative in areas such as foundational support for large-scale models, scenario applications, product supply, and ecosystem creation.

In recent years, the Municipal SASAC has established several new entities in the fields of computing power, corpora, blockchain, and others within the digital economy. It has set up three major pioneering industrial funds totaling 100 billion RMB, including artificial intelligence, and built an intelligent manufacturing factory matrix comprising 49 enterprises, including “Global Lighthouse Factories,” national-level smart factories, and municipal-level smart factories. It has developed eight high-quality industrial internet platforms, opening up a range of artificial intelligence application scenarios to the broader society. This initiative aims to significantly promote the layout and advancement of state-owned assets and enterprises in three key areas: infrastructure for large-scale models, demonstrations of vertical model applications, and R&D promotion of edge-side products.

Focusing on solidifying infrastructure for large-scale models, state-owned assets and enterprises are demonstrating leadership in areas such as large-scale computing clusters and high-quality data corpora. Union Investment Corporation is constructing high-quality corpora supply systems under the “1125” framework, establishing a comprehensive corpus repository, a corpus operation platform, and two strategic basic systems, enhancing capabilities in intelligent cleaning, synthesis, scene adaptation, credible circulation, and ecological services. Shanghai Electric is building high-quality computing supply capabilities, focusing on providing intelligent computing services for AI large-scale models, actively deploying intelligent computing bases, and creating an independent ecosystem for intelligent computing industries, thereby providing high-level intelligent computing support for the research, development, and application of large-scale models in Shanghai.

Focusing on promoting the application of vertical models, state-owned assets and enterprises are accelerating their deployment in fields such as finance, construction, and energy. Airport Group is constructing an intelligent central hub based on AI vertical models in the airport industry, covering three main business lines: airport operations, safety, and passenger services. It aims to enhance the efficiency of airport service resource operations through comprehensive perception and resource optimization, predict simulations to reduce operational safety risks in flight zones, and enhance passenger service experiences. China Taiping Insurance is constructing 1.05 million high-quality insurance data instructions around business processes, iteratively developing Taiping’s self-developed insurance large-scale models through periodic evaluations in self-built test sets, insurance professional examinations, and financial test benchmarks. It has established 11 positions for digital labor in claims processing, auditing, and other areas, increasing overall labor productivity by more than 30% and annually bringing over one billion RMB in business value. Guotai Junan regards artificial intelligence as the “top project” of comprehensive reform in state-owned enterprises, advancing the “All in AI” strategy with high quality, implementing multiple vertical application scenarios such as intelligent Q&A for investment banking, Xinci intelligent advisory, and Qianji Chat, and externally releasing multiple achievements in large-scale model applications such as “Xinci Sermon” and “Guoxin Certification.” It serves multiple business lines including investment advisory, operations, investment banking, credit, and research and development, becoming the first in the industry to complete algorithm filing and registration for generative artificial intelligence services.

Focusing on the R&D promotion of edge-side products, state-owned assets and enterprises are leading in areas such as intelligent manufacturing, monitoring, and diagnostics. SAIC Group, centered on enterprises like Zhi Ji and Ling Shu, is deploying related products such as intelligent cockpits and AI-driven domains to enhance autonomous driving capabilities and user experiences. Shanghai Electric is strategically focusing on “AI for engineering,” integrating mechanistic models with algorithms in product status monitoring and diagnostics to enhance operational service efficiency, introducing intelligent image recognition technology for auxiliary detection of surface defects and flaw detection, empowering staff office management, and promoting efficiency improvements in large-scale model management.

At the “AI+ Creating New Productivity and Empowering New Industrialization” forum of Shanghai State-owned Assets and State-owned Enterprises, He Qing, Secretary and Director of the Municipal SASAC, expressed that in the future, Shanghai’s state-owned assets and enterprises will further implement actions to deepen and enhance the reform of state-owned enterprises, seize opportunities, increase investment, effectively leverage the “leadership effect” of AI empowering industries, drive the “activation effect” of potential industries, and enhance the “multiplier effect” of overall enterprise productivity.

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