China builds an AI industry park for €2 billion
Worldwide, AI is emerging as a driver of the economy. A gigantic technology park dedicated to developing artificial intelligence is to be built in Beijing in the next five years.
Share
The AI park in a suburb of Beijing is expected to cost around €2 billion, cover almost 55 hectares, accommodate some 400 companies, and generate an annual output value of more than €7 billion. The park will focus on big data, cloud computing, biometrics, and deep learning, r eports state news agency Xinhua . Its technological infrastructure will include a 5G mobile network, a supercomputer, and cloud services. In addition, the developers are seeking partnerships with Chinese and overseas universities, research institutes, and other interested companies.
AI is rapidly becoming a key factor in industry, as other figures show. According to a recent survey , half of all Japan’s major firms are using or planning to use AI in the near future. 33 of the 121 organizations surveyed said they had already replaced a portion of their business operations conventionally carried out by humans with AI.
And it’s a similar picture in Germany. “Artificial intelligence has arrived in German companies,” writes information technology consultancy Sopra Steria . In Germany, it is in particular management that is driving AI, since the main goals for management are to get a grip on increasing volumes of data and to cut labor costs.
Related Exhibitors
Related Speakers
Related Events
Interested in news about exhibitors, top offers and trends in the industry?
Browser Notice
Your web browser is outdated. Update your browser for more security, speed and optimal presentation of this page.
Update Browser