Microsoft signed a strategic co-operation memorandum with the district government of Pudong New Area (Shanghai) to launch an artificial intelligence (AI) and Internet of things (IoT) Lab in Shanghai. The lab is expected to open in April and will focus on accelerating the deployment of AI, IoT, and cloud computing services in retail, healthcare, and finance sectors.
The Internet of Things (IoT) includes a wide range of Internet-connected devices, from highly digitalised cars, home appliances (e.g. fridges), and smart watches, to digitalised clothes that can monitor health. IoT devices are often connected in wide-systems, typically described as 'smart houses' or 'smart cities'.