According to Eastday.com, Shanghai held a press conference for the 2025 World Artificial Intelligence Conference and the High-level Meeting on Global Governance of Artificial Intelligence. Zhang Ying, deputy secretary-general of Shanghai and director of the Municipal Economic and Information Commission, said at the press conference that in the first quarter of this year, the scale of the city's artificial intelligence industry exceeded 118 billion yuan, a year-on-year increase of 29%, and a profit increase of 65%, becoming a new engine to drive the city's economic growth.