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New technologies and ideas appear in Internet conference in Wuzhen

Cutting-edge technologies are a major feature of the World Internet Conference in Wuzhen in Zhejiang Province.

A virtual reality version of WeChat; a safety brain in a cyber world; blockchain-powered finance service; robots and cars featuring artificial intelligence:  cutting-edge technologies are a major feature of the World Internet Conference in Wuzhen in Zhejiang Province.

“In future, we may see more VR devices with 5G in Wuzhen. It’s time for us to seriously consider developing a VR version of WeChat,” said Pony Ma, chairman of social media giant Tencent, which created WeChat.

CEO of search engine and tech giant Baidu, Robin Li, told to conference in the water town near Hangzhou that artificial intelligence was the next stage of advancement beyond the traditional Internet.

Baidu is involved in the development of autonomous cars and other AI applications.

AI is also being used to improve online security as the Internet takes on a bigger role in people's lives, says  Zhou Hongyi, chairman of Internet security company Qihoo 360. This covers security of devices, information infrastructure, finance and even personal security.

Zhou's 360 has developed the 360 Brain of Security with AI and data analysis. It is being used in autonomous driving, industrial Internet and finance, Zhou said.

Alibaba’s Ant Financial is also using blockchain technology to speed up financial services and enhance security, said CEO and chairman Jing Xiandong. The technology will be used to ensure secure transactions for more than 150 million products during Sunday's 11.11 (November 11) online shopping festival, he said.

Zhu Shenshen / SHINE

Baidu CEO and chairman Robin Li (right) at a panel session with Pony Ma, Tencent's CEO and chairman, at the World Internet Conference in Wuzhen yesterday.

ti gong / Ti Gong

Qihoo 360 is working on improving online security.

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