Fri­day Alibaba starts global re­search academy

China Daily (USA) - - NEWS CAPSULE -

Alibaba Group Hold­ing Ltd is start­ing a global re­search academy that it hopes will join the ranks of, and po­ten­tially out­rival, Bell Labs and Microsoft Re­search.

The com­pany is in­vest­ing $15.2 bil­lion over three years in the Alibaba DAMO Academy, said chair­man Jack Ma, to help Alibaba get a head start in the in­ter­net of things, quan­tum com­put­ing, fin­tech and hu­man-ma­chine in­ter­ac­tion.

The project in­cludes seven new re­search labs in China, the United States, Rus­sia, Is­rael and Sin­ga­pore, re­cruit­ing re­lated tal­ent on top of its 25,000 en­gi­neers and sci­en­tists. The academy will tie up with over 200 uni­ver­si­ties and re­search in­sti­tutes world­wide to co-de­velop tech­nolo­gies that aim to im­prove the lives of tech­nol­ogy end-users or boost busi­ness se­cu­rity and ef­fi­ciency.

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