China is building a giant $2.1 billion park dedicated to developing A.I.

China is planning to build a 13.8 billion yuan ($2.1 billion) technology park dedicated to developing artificial intelligence (AI), state-backed news agency Xinhua reported Wednesday. The campus will be constructed within five years and situated in the suburban Mentougou district in western Beijing. It will cover 54.87 hectares, Xinhua said. The technology park will be home to around 400 businesses and is expected to create an annual output value of about 50 billion yuan. High-speed big data, cloud computing, biometrics and so-called deep learning, a strand of AI, will be the focus of the new park.