Published: Thu, October 12, 2017
Global News | By Stacy Ballard

Alibaba will invest $15 billion into new global R&D program

Alibaba will invest $15 billion into new global R&D program

Following in the footsteps of technology giants, including IBM and Microsoft, China's Alibaba will create a research and development program, called DAMO Academy, through an investment of US$15 billion over the next three years.

"The labs will help solve issues that Alibaba is now facing across its business lines", Alibaba chief technology officer Jeff Zhang (張建鋒) said in a telephone interview. This is the beginning of its global research program, now known as Alibaba DAMO Academy - "DAMO" an acronym for Discovery, Adventure, Momentum and Outlook.

Woman Wrestles Shark Out Of Pool With Bare Hands
The shark became trapped when it rode a wave or ocean surge into the rock pool that is separated from the ocean by a wall. I just thought I would try and catch him. "He's like a toddler, '" she said, according to .

Alibaba said it will be doubling its R&D spend over the coming three years to United States dollars 15 billion in order to develop next-generation technology and explore moonshot projects aimed at upending industries, Bloomberg reported. The initial pool of 100 researchers and scientists will be recruited from all over the world.

Research areas will cover data intelligence, the Internet of Things, fintech, quantum computing and human-machine interaction. The company has built an advisory board for the academy includes professors from a number of leading research institutions both in China and the U.S. In addition, the company plans to work with local partners to drive its research forward.

Trump Bashing Worked, NFL Has Quietly Changed Rule on Taking a Knee
Dr Smith said he also thinks the amount of media attention that this has generated could also explain Mr Trump's focus. Hillary Clinton said she supports players who protest during the national anthem. .

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

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. With our global expansion, we have grown and refined our technology manifold.

Overwatch's Halloween Event Is Now Live With New Seasonal Items
The Summer Games 2017 event didn't change all too much from previous year , with very small minor changes to the gameplay format. Some Overwatch fans will remember the Junkenstein's Revenge promotion that was launched a year ago .

Alibaba, as a company, has also been aiming to convince talented and ambitious researchers to join their program, which would enhance the technical expertise of the program. "We aim to discover breakthrough technologies that will enable greater efficiency, network security and ecosystem synergy for end-users and businesses everywhere", Jeff Zhang said in a statement.

Like this: