Sunday, October 1, 2017

Chinese millionaire to set up artificial intelligence lab in Haifa

By Max Schindler

JERUSALEM POST - September 23, 2017  

Zong Qinghou, the CEO of one of China’s largest companies, will provide the AI center with at least $10 million over five years.

Zong Qinghou, the CEO of one of China’s largest companies, announced plans to set up a research center at the University of Haifa focusing on artificial intelligence.  The Chinese Academy of Sciences will also be a research partner. Zong will provide the AI center with at least $10 million over five years, the research partners announced at a signing event on Tuesday, with much of the funding going to construct laboratories and obtain high-end equipment, the University of Haifa’s President Ron Robin said.  “For us, this is a game-changer. We get recognition by a major Chinese investor, that the work that we’re doing is significant,” Robin told The Jerusalem Post.  Zong, who heads the Hangzhou Wahaha Group, China’s largest beverage company, has visited the University of Haifa’s campus four times.  The research center will focus on improving the camera lens behind driverless cars – necessary for operating a vehicle when it’s raining or foggy – as major automobile companies and tech companies race to perfect the technology in the multi-billion dollar autonomous vehicle market.

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