UBTech signs 'record' deal with UAE
Chinese tech firm UBTech has signed a deal valued at 2.5 billion yuan (US$362 million) with an organization from United Arab Emirates to set up artificial intelligence (AI) teaching labs for students, Shanghai Daily learned on Wednesday.
The deal was described as a "historical record" for AI projects in the international market.
UBTech signed the deal with Royal Strategic Partners, an affiliate of Abu Dhabi Capital Group in Abu Dhabi. The group manages assets of over US$20 billion and has worked with Chinese firms like Didi.
The project will build AI teaching laboratories for 1,310 primary and secondary schools in seven emirates of the UAE over a four-year period.