China to open $2.1bn AI tech park in Beijing

China is inching closer to its vision of becoming a world leader in artificial intelligence (AI) when a technology park dedicated to deep learning and big data technologies is ready in the next five years. Located in the Mentougou district in western Beijing, the 55-hectare AI technology park, to be developed by the Zhongguancun Development Group, will cost the Chinese authorities RMB13.8 billion (US$2.1bn), according to China’s state-run Xinhua news agency.

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