If the Chinese have conceived something like this, then it definitely will work for them and most likely it will be a very cool project. But I do not like the fact that everyone is trying to make their AI, I think that by joint efforts people would achieve great results.
This is not about making their own AI, in fact is has more to do with your idea. This is about creating a marketplace for all AI, robotics, VR, Internet of Things, etc projects. This means that all data will be on their blockchain. To do any transaction on it, you will have to use BTO. This does not mean that BTO is an AI coin. It is an exchange token for the work related to advanced computer science on their blockchain. When there will be enough data on the blockchain it will be possible to do some data mining to find even more relations between the works already on the blockchain. It will be possible to create ICOs on the BOTTOS blockchain. All of the data will be validated and rated, so anything that comes out of this blockchain is guaranteed to be at high standard.