Alibaba Conglomerate Raises with over 50% its Investment in New Research

Alibaba Conglomerate Raises with over 50% its Investment in New Research

To advance research and development on artificial intelligence, quantum computing, and the Internet of Things, Alibaba is dedicating $15 billion in funding over the next three years to create the next generation of such technology.

Alibaba's Chief Technology Officer, Jeff Zhang, was quoted stating that the innovation of next-generation technologies will contribute significantly toward Alibaba's growth worldwide.

It's called the Academy for Discovery, Adventure, Momentum and Outlook (referred to as the DAMO Academy for short), and Alibaba plans to recruit 100 researchers to staff labs around the globe. The Chinese tech giant is now recruiting 100 researchers.

The Alibaba DAMO Academy, which the investment will fund, intends to cover real-world applications of disruptive and fundamental technologies. Moreover, they will include quantum computing as well as human-machine interaction, including Natural Language Processing and machine learning. 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.

Pregnant Sisters Khloé Kardashian and Kylie Jenner Are 'Full-Blown Twinning'
She continued, "I think that's, all you can do is live for yourself". 'Kris is so supportive and she knew this was a Kylie decision.

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.

The labs will also collaborate with universities, for example the Academy will work with the University of California, Berkeley on areas such as secured real-time computing.

The Chinese giant and its affiliates have undergone a rapid expansion in the past year, bringing it into direct competition with U.S. e-retailer Amazon.com Inc., as well as global payments, cloud and logistics firms.

Ma's grand vision for Alibaba, which requires the company to continue doing business for at least another 84 years, also applies to the DAMO Academy. "We aim to discover breakthrough technologies that will enable greater efficiency, network security and ecosystem synergy for end-users and businesses everywhere".

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