Beijing to Build a Giant $2.1 Billion Research Park

Saturday, January 6, 2018 - 09:59

China 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.

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 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.

China’s plan to fast-track AI development comes amid heightened tensions between Beijing and the United States over the competitive applications of AI in military technology.

China aims to grow the local industry to over 150 billion yuan by 2020 and 400 billion yuan by 2025, according to the State Council.

The new AI park will focus on attracting enterprises that work on big-data, biometric identification, deep learning and cloud computing, the Xinhua report said on Wednesday.

Beijing also recently released blueprints for an autonomous driving zone on the city’s outskirts, dedicated to testing and developing local autonomous vehicles.

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