CMN PwC May 2018 Report 1200×90

China And Israel To Invest $10M To Establish Three AI Centers

Zong Qinghou, a renowned Chinese entrepreneur with a net worth of US$7.2 billion and chairman of Hangzhou-based beverage company the Hangzhou Wahaha Group Co., Ltd., has teamed up with Chinese Academy of Sciences and the University of Haifa in Israel to invest US$10 million to establish three artificial intelligence centers in Beijing, Hangzhou and Haifa.