Ping An’s announced a collaboration between its technology arm Ping An Technology and Intel to establish a joint laboratory where they will collaborate on developing new products and technologies.

The two companies will form a joint project team in areas of artificial intelligence, high-performance computing, cloud, network, storage, and security.

In a statement to the media, Ping An Technology’s CEO, Ericson Chan said that partnering Intel will provide them an edge to boost their cloud technologies and supercharge their AI-based services and solution.