Authorities in China are planning to set up an artificial intelligence development park with a coast of 13.8 billion yuan ($2.12 billion). The proposed park will be located in Beijing’s Mentougou district.
The upcoming AI research lab will be developed by the Zhongguancun Development Group. The developer is also mulling to have partnership with foreign universities to set up a “national-level” AI lab in the area, Chinese news agency Xinhua reported.
China wants to become world leader in AI technology by 2025.
Around 400 enterprises will be housed at the upcoming AI park and have an estimated annual output of 50 billion yuan.
Any statement from Zhongguancun Development and representatives for Beijing’s Mentougou district is yet to be made.
According to Xinhua, the park will focus on high-speed big data, cloud computing, biometrics and so-called deep learning, a strand of AI. The park will also be equipped with 5G mobile internet, a super computer and cloud services.