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Beijing plans to build $2 billion artificial intelligence development park

China has unveiled a series of plans to bolster talent, investment and research in AI

Reuters  |  Beijing 

Beijing is planning to build a 13.8 billion yuan ($2.12 billion) artificial intelligence development park in the city's west, the official Xinhua news agency reported, as China pushes ahead to fulfil its ambition to become a world leader in AI by 2025. The AI park will house up to 400 enterprises and have an estimated annual output of 50 billion yuan, Xinhua said, citing a report from authorities in Beijing's Mentougou district. Zhongguancun Development Group, the developer of the project, will look to partner with foreign universities and build a ...

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First Published: Wed, January 03 2018. 14:06 IST