Chinese developer the state council is set to construct a CNY13.8bn ($2.12bn) artificial intelligence (AI) development park in the west of Beijing, according to reports by Xinhua news agency. It said the company is looking to partner with international universities on the scheme, which aims to attract companies focusing on sectors including deep learning, big data, cloud computing and biometric identification. China is working to position itself as a world leader in AI, and is aiming for CNY400bn local sector growth by 2025, according to Zhongguancun Development Group.
Chinese developer Zhongguancun Development Group is set to construct a CNY13.8bn ($2.12bn) artificial intelligence (AI) development park in the west of Beijing, according to reports by Xinhua news agency. It said the company is looking to partner with international universities on the scheme, which aims to attract companies focusing on sectors including deep learning, big data, cloud computing and biometric identification. China is working to position itself as a world leader in AI, and is aiming for CNY400bn local sector growth by 2025, according to the state council.