China creates state-owned firm in Xiongan to develop nationโs AI data resources
China has set up a new state-owned enterprise dedicated to managing the countryโs massive data resources, a significant move designed to turbocharge the nationโs artificial intelligence industry and bolster its digital economy. The National Data Group Co โ based in Chinaโs โcity of the futureโ, Xiongan New Area in northern Hebei province โ is tasked with โdeveloping and utilising data resources, unlocking the value of data elements, serving AI development and fostering a data industry...