A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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China plans to be a world leader in Artificial Intelligence by 2030

Artificial Intelligence (AI) plays an important part in Beijing’s «Made in China 2025» plan. China wants to become a global leader in the AI field by 2030 and now has an edge in terms of academic papers, patents and both cross-border and global AI funding. In 2017, 48 per cent of total equity funding of AI start-ups globally came from China (in 2016, it was only 11.3 per cent), compared to 38 per cent funded by the US, and 13 per cent by the rest of the world.

China has a three-step plan: firstly, it must be able to keep pace with all leading AI technology, and its application in general, by 2020. Part two is to make major breakthroughs by 2025, which is intended to lead to the third part of the plan — the establishment of China as the world leader in the AI field by 2030.

AI will be applied to medicine, robotics, driverless vehicles, computer chips, financial services, retail, etc. The Chinese government has set the goal of having a manufacturing industry in place for sensors and embedded chips for driverless vehicles with production value exceeding US$1.4 billion by 2020.

The Chinese AI industry has grown 67 per cent over the past year and produced more patents and research papers than the US. This is despite having access to about a fifth of America’s talent pool.

There are more than 3,000 AI start-ups around the world. The US leads in quantity, followed by China, then Israel, Britain and Canada.

Chinese AI companies are mostly located in China’s largest megacities — Beijing and Shanghai.

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