China to build a $2.1 billion technology park for developing AI

Xinhua, the official press agency of the People's Republic of China has reported that the said park will be situated in the Mentougou district of Beijing, covering 54.87 hectares. The goal is to put a price of 1 trillion yuan on the industry, hosting the investment of 400 business companies and generating an output revenue of 50 billion yuan. The park shall mostly focus on the development of high-speed data, biometrics, cloud computing, a strand of AI known as "deep-learning" comprising practical applications in driverless cars, preventive healthcare, and even better movie recommendations. Tension regarding border security and international relations may ensue, as China not only aims at the expansion of technical advancements and commercialization of AI in'smart cities' but also plans on strengthening military prowess through the use of the same. This has caught the attention of the United States of America as Pentagon has recently reported the rising concern about Chinese firms' investments in US's start-up companies and recommended the use of more stringent controls.