China is building a $2 billion office park in Beijing just for AI — Quartz

Posted on January 5, 2018

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Last year, China said it plans to be a world leader in AI by 2030. Now its capital is building a massive campus to house the AI firms that will power that rise, according to local media outlet Beijing News (link in Chinese).

Authorities in Beijing’s Mentougou district will build the tech campus along with Zhongguancun Development Group, a company that has built several similar technology parks in China. They plan to invest 13.8 billion yuan (about $2.1 billion) in the 548,700 square-meter park, and hope to to attract over 400 enterprises. Construction will be completed within three to five years.

The park, which will count on 5G telecom and have a supercomputer, will focus on developing areas such as high-speed big data, cloud computing, biometric identification, deep learning, state-run news agency Xinhua added.

via China is building a $2 billion office park in Beijing just for AI — Quartz