China invested 2 billion USD to build AI research park

China is building a $ 2 billion AI (artificial intelligence) research park with an ambition to become a leading force in this field.

According to Business Insider, the Chinese government is building a $ 2 billion artificial intelligence research park with the goal of becoming the leading force in this field by 2025.

The artificial intelligence park (AI park) - located in western Beijing - will be capable of receiving 400 companies and is expected to generate $ 7.7 billion in revenue each year.

The AI ​​Park will be capable of receiving 400 companies and is expected to generate $ 7.7 billion in revenue each year.

According to Reuters, Zhongguancun Group - an industrial park developer (state-owned) - is hoping to cooperate with foreign universities and build an AI laboratory at the national level. They also aim to attract companies that work on big data, deep learning and cloud computing.

Russian President Vladimir Putin believes that in the future, the country leading the AI ​​will dominate the world. Meanwhile, technology billionaire Elon Musk thinks AI will be the main cause of world war 3. Eric Schmidt, executive chairman of Google's parent company Alphabet said that China will surpass the US about AI if the government doesn't act soon.

Speaking at the Global Intelligence and Security Summit, former Google executive said: "Trust me, Chinese people are very good. They will use this technology for commercial purposes. as well as military with all its meanings ".

China announced the AI ​​Strategy last July and said it wanted to become a leading country by 2025.

Schmidt said: "This is quite simple. By 2025, they will be better than us and by 2030, they will dominate the AI ​​industry." While the US has, Microsoft, IBM, and a number of other companies, China also owns technology giants that are pursuing AI like Alibaba, Baidu, and Tencent.