The persistent high temperatures could cause economic losses of 6 to 12 billion euros annually to Italy, according to a report by the Italian Confederation of Business, Tourism and Services released on Saturday.
According to the report, if Italy experiences 30 to 60 days of extreme high temperatures each year, enterprises will face multiple pressures including rising energy costs, declining labor productivity, and reduced turnover.
The research also noted that extreme heat would also alter residents' consumption and tourism habits, dealing a further blow to sectors such as commerce and tourism.
Extreme heatwaves may cause 6-12 bln euros annual losses in Italy: report
Business leaders, researchers and entrepreneurs from around the world gathered at the 2026 World Artificial Intelligence Conference (WAIC), where discussions are focusing on turning AI innovation into cross-border partnerships and real-world applications.
The 2026 WAIC is running in Shanghai from Friday to Monday under the theme "AI Partnership for a Brighter Future."
Across the exhibition halls, conversations often extended beyond product demonstrations, with visitors exploring potential partnerships, supply chains and overseas expansion.
Among them was Paolo Brizzi, chief information officer of Italy's Competence Center for Industry and Manufacturing (CIM), who met with a Chinese AI company to discuss cooperation ranging from industrial applications to entering the European market.
"My point is not to be a customer or a provider of technologies, but to identify parts [where we can] actually collaborate and work together," he said.
The four-day conference has also created opportunities for startups to connect with investors, researchers and potential customers. One startup launched an online networking group on the opening day, attracting hundreds of participants who exchanged ideas, explored business opportunities and sought technical solutions.
Participants said AI innovation depends not only on technological breakthroughs but also on cooperation across industries and countries.
"Collaboration is important because alone you cannot do so much. It needs to be a team support ecosystem," said Florian Wohlrab, CEO of Canada-based OpenHW Foundation.
For many international visitors, the conference is also an opportunity to explore how AI can help address practical challenges. Omar Khan, a participant from Pakistan, said international cooperation is essential to ensuring AI benefits everyone.
"I think, for me, we are all the one. We're human and I think we can cooperate a lot," he said.
Some attendees were looking for solutions to challenges in their home countries. A visitor from Kenya said AI applications such as weather forecast and soil analysis could help improve agricultural productivity across many parts of Africa, where farming remains a cornerstone of the economy.
As countries race to advance AI technologies, participants at this year's WAIC said the conference has become a platform for connecting ideas, technology and demand across borders, helping turn AI innovation into practical international cooperation.
World AI Conference highlights growing demand for global AI partnership
