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China to Invest Heavily in AI. Per Xinhua News Agency, China intends to invest a massive 13.8 billion yuan, or $ 2.1 billion, for the construction of a technology park that will likely develop AI. The research park will likely spread over 54.87 hectares of land and will attract roughly 400 businesses, reported Xinhua. This is a revolutionary application of artificial intelligence (AI), and its market is expected to grow from its current $4.6 billion to $18.4 billion by 2023. That's 300% growth, for an entire industry, in just four years. That's making AI stocks some of the hottest investments on the market right now. That would be a massive jump from the segment's current annual revenue run rate of around $40 million. In all, Ciena is pulling the right strings to tap into the AI opportunity, and the move has reaped rich results so far. The company's revenue increased nearly 21% year over year during the last reported quarter,