Chineseinvestors.com Inc. (fka CIIX)

[sweet crude]

A.I. research facility in China

AI VentureTech Announces Partnership with ChineseInvestors (CIIX) to Explore Development of A.I. Research Facility in China

January 13, 2018

(NEW YORK)–AI VentureTech, Inc., a technology accelerator and advisory firm focused in the areas of artificial intelligence and automation, announced non-binding agreement with ChineseInvestors.com, Inc. (OTCQB:CIIX), to develop a potential Artificial Intelligence (A.I.) research facility in China.

Both companies will work on exploring the possibility of opening their own A.I. research facility in manland China to develop applications in such areas as artificial intelligence, blockchain logistics, IoT applications, automation, and corporate virtual assistants and chatbots geared specificlly for the Chinese market.

China Push for AI and Automation

In July 2017, China’s State Council issued plan to invest heavily in Artificial Intelligence (AI) and automation technologies in the next 10 to 15 years, with plan to become the world leader in A.I. by year 2030.

In a timeline laid out within the new policy, the government expects its companies and research facilities to be at the same level as leading countries like the United States by 2020. By the year 2025, China is calling for breakthroughs in select disciplines within A.I. that will become “a key impetus for economic transformation.”

By 2030, China is dedicated to become the “world’s premier artificial intelligence innovation center”, which is projected to be worth around 1 trillion Yuan ($150 billion).

Since the release of this imitative a large number of local governments have created special plans and built out research centers to focus on A.I. Many economic regions are spending hundreds of millions of dollars, but some have earmarked even more. In June 2017, the government of Tianjin, an eastern city near Beijing, said it planned to set up a $5 billion fund to support the A.I. industry, and an “intelligence industry zone” that will sit on more than 20 square kilometers of land.

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http://aiventuretech.com/ai-venturetech-announces-partnership-with-chineseinvestors-ciix-to-explore-development-of-a-i-research-facility-in-china/