• Innovation Platforms
Zhongguancun: a promising land for AI technology
( chinadaily.com.cn )
Updated: 2017-10-27

The capital city Beijing recently released an action plan, urging Zhongguancun Science Park to improve its innovation ability in artificial intelligence (AI) industry.

The plan revealed that Zhongguancun's AI industry scale is expected to exceed 50 billion yuan ($7.53 billion) with the entry of over 500 AI companies including five leading industrial enterprises.

In encouraging its science parks to establish supporting funds for AI industry, Zhongguancun authorities said the park will spare no effort in promoting AI industry development.

In the following four years, Zhongguancun will focus on making breakthroughs in core technology of AI industry and construct a special innovation platform for AI technology research and development.

Through various ways such as industry competition, summit forum and international congress, communication and cooperation between different AI companies will be promoted.

In the latest report of top 50 innovative artificial intelligence (AI) startups in China released in August, 25 AI startups in Zhongguancun, a technology hub often referred to as China's Silicon Valley, were on the list.

The list highlights some of China's innovations that are taking the lead in AI technology. Companies which made the list are mainly located in Beijing, Shanghai and Guangdong, with Zhongguancun startups accounting for 50 percent of the top 50.