China is reportedly building a $2 billion AI park as it looks to become a world leader in the field

The Chinese government is building a $2 billion (£1.5 billion) artificial intelligence (AI) research park as it looks to become a world leader in the field by 2025, Reuters reports, citing local news agency Xinhua. The AI research park -- to be located in west Beijing -- will reportedly be able to accommodate 400 companies and that are expected to generate 50 billion yuan (£5.6 billion) each year. The park's developer, state-owned Zhongguancun Development Group, is hoping to partner with foreign universities and build a "national-level" AI lab in the area, according to Reuters. It will reportedly aim to attract companies working on big data, biometric identification, deep learning, and cloud computing. Russian president Vladimir Putin believes that in the future, the country that leads in AI could dominate the world, while tech billionaire Elon Musk thinks AI will be the most likely cause of WWIII (although his comments should be taken with a pinch of salt).