colored wristbandsBeijing to build technology park for developing artificial intelligence

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BEIJING -- A technology park dedicated to developing artificial intelligence will be built in Beijing in five years, authorities said.

The park will be situated in suburban Mentougou district in western Beijing, covering 54.87 hectares, Beijing News reported, citing a plan released by Mentougou authorities Tuesday.

With an estimated investment of 13.8 billion yuan (about $2.1 billion), the park is expected to attract about 400 enterprises, with an estimated annual output value of about 50 billion yuan (about $7.7 billion).

The park will focus on developing areas such as super high-speed big data, cloud computing, biometric identification and deep learning. Its technological infrastructure includes a fifth generation mobile network, a super computer and cloud services.

The developer of the park, a company of Zhongguancun Development Group, will seek partnership with Chinese and overseas universities, research institutes and large companies to establish various research centers in the park, including a national-level artificial intelligence lab.