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China building giant $2 1-bn artificial intelligence park

Beijing, Jan 3 (UNI) China is planning to build a 13.8-billion yuan ($2.1-billion) technology park for the development of artificial intelligence, state-backed news agency Xinhua reported on Wednesday.
The park will be built within five years and situated in the suburban Mentougou district in Beijing.
Last year, China laid out plans to become a world leader in AI by 2030.
The campus will be constructed within five years and situated in the suburban Mentougou district in western Beijing. It will cover 54.87 hectares, Xinhua said.
The technology park will be home to around 400 businesses and is expected to create an annual output value of about 50 billion yuan.
High-speed big data, cloud computing, biometrics and so-called deep learning, a strand of AI, will be the focus of the new park. It will also have 5G mobile internet, a super computer and cloud services, according to Xinhua.
The news follows the Chinese government's announcement in July 2017 that laid out plans for the country to become a world leader in AI by 2013, with the aim of making the industry worth 1 trillion yuan.
Beijing hopes to help accelerate the commercialisation of AI in China in areas such as smart cities, but is also eyeing its military capabilities, something that could worry the broader international community.
UNi XC-SNU 1734
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