More than 100 companies have joined since the centre commenced operations, according to the SMC, showing the importance of local government support in fostering AI talent and innovation.
Foundational models, which are trained on massive data sets, provide scientists with a starting point to develop AI models and applications quickly and cost effectively. These are capable of performing a wide variety of general tasks such as understanding language, generating text and images, and conversing in natural language.
On the West Bund, the SMC’s location is known as a magnet for art lovers because of the area’s museums and galleries. Along with a trendy commercial centre that was launched last year, the incubator has become the latest attraction on the river bank.
