The China AI Entrepreneurs Conference and the launch ceremony for the second season of "Win in AI+" took place on Saturday in Hangzhou City, east China's Zhejiang Province, gathering 120 AI innovators, leading academics and top investors.

The event aims to discover the next startup powerhouse in China's AI industry, responding to the national "AI+" action plan outlined in the 15th Five-Year Plan.

The first season of "Win in AI+" facilitated 17 investment intention agreements, with a total value exceeding 500 million yuan (approximately $69.6 million), according to China Media Group (CMG). The final investment volume is expected to surpass 1 billion yuan.

This season expanded globally for the first time, with roadshows held in Hong Kong and Singapore. Chinese AI companies will also travel to Switzerland's Geneva in July for the AI for Good Global Summit held by the International Telecommunication Union.

A new trophy, designed by renowned Chinese sculptor Wu Weishan, was unveiled at the ceremony, symbolizing both visionary ambition and down-to-earth execution.

Nine-year-old Zhang Yufan, the youngest participant across both seasons, presented her self-developed AI project, drawing applause and highlighting the intergenerational spirit of innovation in the AI era.

The event is jointly hosted by CMG and the Hangzhou Municipal Government.