OVC to host first AI innovation application competition

The inaugural Optics Valley Artificial Intelligence (AI) Innovation Application Competition, hosted by the Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC), has opened for registration.

The event, which aims to promote the application and innovation of AI technology in OVC, is open to enterprises, groups, and individuals worldwide who are developing AI-related applications. The total prize pool is 1 million yuan ($136,493.34).

The inaugural Optics Valley AI Innovation Application Competition opens for registration. [Photo/WeChat account of Optics Valley of China]

The competition covers various fields, such as finance, education, and transportation, allowing participants to choose freely. It also includes a corporate proposition segment, in which contestants are required to develop customized AI application solutions based on actual enterprise needs.

"This is the first AI innovation application competition in Central China, which will incubate a new batch of AI business formats in OVC," said an event organizer. In this competition, domestic large models represented by "Zidong Taichu" will integrate with OVC's advantageous industries, helping OVC become a beacon in developing AI innovation applications.

The competition is divided into preliminary and final stages. The top 25 projects from the preliminary round will conduct project roadshows and on-site presentations in OVC. A panel of experts and corporate judges will determine the winners, who will receive prizes and certificates.

The competition includes a first-place prize of 200,000 yuan, two second-place prizes of 100,000 yuan, and five third-place prizes of 30,000 yuan. Outstanding teams will have the opportunity to receive investments from well-known domestic and foreign institutions, the OVC Angel Fund and the OVC Venture Capital Fund, and participate in study tours to AI-related enterprises.