Alibaba Group will spend $ 15 billion on a scientific programme which will be a laboratory in Russia
Chinese Internet company Alibaba Group Holding Ltd. more than half will increase their investments in scientific research. In the next three years for developing next-generation technologies and business development will be allocated 15 billion dollars.
As informs Agency Bloomberg with reference to the transferred e-mail the company statement, Alibaba Group plans to open seven research laboratories and to hire one hundred scientists around the world to delve into the study of artificial intelligence, the Internet of things and quantum computing. In particular, research will be conducted in the field of machine learning, graph computing and network security.
A new programme marking a significant growth of company’s expenses on scientific research, is designed to help Alibaba Group to keep up with Amazon.com Inc. and Tencent Holdings Ltd. development in potentially changing areas. “The lab will help to solve the problems that Alibaba is currently facing in their businesses, said in a telephone interview Jeff Zhang, chief technology officer of the company. – It [the company] will also be in the forefront in the development of next generation technologies”.
The global programme of development is called Alibaba DAMO Academy (abbr. from Discovery, Adventure, Momentum, Outlook, discovery, adventure, pulse, perspective). Her lab will be in China, USA, Russia, Israel and Singapore. Also will be funded in the framework of cooperation with universities, including the University of California at Berkeley. The Advisory Board will meet professors from Princeton and Harvard.
According to the Agency, the initiative is in line with the ambitions of high-ranking Chinese politicians, who want the country to become world leaders in the field of artificial intelligence.
According to information gathered by Bloomberg over the last three financial years Alibaba Group has spent on scientific research is $ 6.4 billion. According to a statement from the company, in her state already has 25 thousand engineers and scientists, on the average, it spends a year on studies of 20 billion yuan ($3 billion).
Alibaba Group is the largest Internet company of China and works in the field of e-Commerce. The company was founded by Jack MA in 1999. Group owns several subsidiary companies and online marketplaces – Alibaba Pictures, Alibaba.com, AliExpress.com, Taobao.com, Tmall.com.