Home » World

Alibaba to Invest $15 Billion in Research

12 October, 2017, 01:06 | Author: Kristen Ingram
  • A Chinese tech behemoth just announced a new $15 billion initiative

HANGZHOU-Chinese e-commerce giant Alibaba Group Holding Ltd. says it will almost triple spending on research and development, to more than $15 billion over the next three years, as it seeks to keep pace with Western rivals such as Alphabet Inc. and Amazon.com Inc. Alibaba's officials have declared that the advisory board members of the research program will comprise educators and researchers from some of the top universities.

The company is calling its global research program the Alibaba DAMO Academy - short for discovery, adventure, momentum and outlook. The labs at these research institutes would apparently be utilized to work on projects spanning a multitude of disciplines - the Internet of Things, data intelligence, quantum computing, financial technologies, human-machine interaction, inclusive of natural language processing and machine learning.

Alibaba now has an overseas data science research lab in California, however, it has continously opened several data centers in Europe, America, Middle East, Australia, India, Indonesia and Japan a year ago as a way to expand its cloud business.

Alibaba said it plans to recruit 100 scientists and researchers for the first phase of the program who will delve into both foundational and disruptive technology research.

Alibaba Group Holding Ltd.is putting a lot of cash behind its goal of serving 2 billion customers and creating 100 million job opportunities over the next two decades.

At the Computing Conference 2017 in Hangzhou today, Alibaba's executive chairman Jack Ma said he envisions the DAMO Academy as being created to "solve the problems of the future", and sees the academy as going "beyond IBM and Intel and Microsoft, because it's born in the 21st century and will take the late-mover advantage". With our global expansion, we have grown and refined our technology manifold.

DAMO Academy has already merged with the University of California, Berkeley, which will witness the entities explore areas such as secured real-time computing through RISE lab.



Google uncovered Russia-backed ads on YouTube, Gmail, source says
Google and Facebook are the biggest online advertising companies in the world, and they helped pioneer targeted advertising. Last month Facebook shared with United States investigators 3,000 ads from the Kremlin-affiliated Internet Research Agency.

Nvidia Partners With DHL on Self-Driving Delivery Trucks
Koetzle added that the earliest estimate she's seen for level 5 autonomous vehicles operating on the roads is 2025 in the UK. The trunks of their current self-driving cars resemble small data centres stuffed with racks of personal computers.

Hillary Clinton Finally Spoke Out Against Longtime Donor Harvey Weinstein
The offices of former President Barack Obama and former Vice President Joe Biden declined to comment as well. In a statement, Weinstein did not deny the allegations and apologized for his behavior.

Deep depression weakens, Odisha to receive rainfall: IMD
Landing of 47 in-bound flights and departure of about 35 flights was rescheduled and many flights were delayed, an official said. The incessant rain and squally wind affected normal life in the metropolis on the first working day of the week.

Kyrgios has everything to succeed: Nadal
The world-ranked 19 Kyrgios displayed his best side in forcing Nadal to 2-2 in the first set, but his other side soon emerged.

Saudi Arabia to Ink New Arms Deals with US, Russia
The sale is part of a $110 billion defense deal with the kingdom announced back in May, which faced bipartisan backlash. Iran has one of the biggest ballistic missile programs in the Middle East.

Group to gather at Columbus statue downtown for 'Indigenous Peoples Day'
A group is gathering tomorrow at Columbus Circle to celebrate the Onondaga Nation and other indigenous people around the world. It has been tradition for years to celebrate their nationality on Columbus Day, stressed Tony Ippolito.

Breezy, warm and humid with the chance for showers today
Throughout the day, skies will remain overcast, with cloudiness slightly diminishing toward the evening. THURSDAY: Partly cloudy with a stray shower possible.

Roger Lewis, Evan Engram's Fantasy Outlook After Odell Beckham Jr.'s Injury
There's no doubt the Giants will be looking at the free agent market to add a receiver, but Johnson would me a major longshot. Beckham went down on a pass that fell incomplete with about 4 minutes left in the game, the Giants up 22-20 at the time.

Ready for Colombia, says Luis Norton De Matos
He even counted the crowd in his playing team when the coach said that they wanted to play with the 12 players instead of 11. A defensive mix-up gave Thotal a golden chance to open the account for India , but his chip shot flew over the U.S. goal.