China to reportedly build a $2.12 billion AI development park in Beijing

A Chinese flag is seen in front of the Friendship bridge over the Yalu River. Reuters[/caption]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.Zhongguancun Development Group, the developer of the project, will look to partner with foreign universities and build a “national-level” AI lab in the area, Xinhua added.Zhongguancun Development and representatives for Beijing’s Mentougou district could not be immediately reached for comment. 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. Locally, China has unveiled a series of plans to bolster talent, investment and research in AI, urging private, public and military firms to cooperate on national AI goals in a development roadmap released in 2017.The country’s burgeoning AI industry has also attracted foreign firms. Last month, Alphabet Inc’s Google announced it would launch a Beijing-based AI research team, targeting local research talent, even though the U.S. firm’s search engine remains blocked behind China’s firewall.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.