Earlier today (17th August 2020), Guo Ping, Huawei Rotating Chairman said in a conference that the global 5G userbase has crossed 100 million users, with over 92 operators working to develop 5G commercial networks. With success on the commercial side, the focus is now expected to shift towards industrial applications.

Huawei

Notably, the press conference commemorated Shenzhen becoming the first mainland city to be covered with the latest generation of telecom network. According to Guo Ping, there are three things to build a smart city. The first being city operation and management network that can”see, use, and think.” The senior official believes that the future would bring more sophisticated services through smart decisions being made by a command system. This system would provide real time feedback regarding the city’s data while utilizing 5G based smart connections.

Secondly, the network would also expand to include a data system that operates in offices, bureaus, industries, and other professional fields. In other words, bring data interconnection between different industries that can be operated and managed by one network. Lastly, a big role in the development of smart city’s would include AI integration. Artificial intelligence and its applications could help boost the capabilities of so various workplaces across different industries and bring a smart overhaul to the pre existing systems.

Huawei

At the moment, Chinese tech giants like Xiaomi and ZTE led the boost in 5G stocks with their telecom equipment which helped make Shenzhen become a first city to be covered with 5G networks. Xiaomi jumped 8.2 percent today and is currently heading for its biggest gain in almost six weeks. According to experts, “The upward tech cycle brought by 5G will probably last for between two and three years.”