Alibaba sets up seven-lab research programme with $15bn budget

Alibaba

Alibaba

Chinese e-commerce giant Alibaba (NYSE: BABA) announced Wednesday it will invest more than $15 billion US over the next three years into a global research and development program to increase collaboration and develop new technologies.

The programme will have seven research labs, of which there will be two each in China and the United States, and will be advised by 10 Chinese and USA academics.

With the setting up of the Academy, the company expects to invest more than $15billion in research and development over the next three years. Where DAMO stands for "discovery, adventure, momentum, and outlook" and start by opening labs in seven cities around the world. Alibaba Group's chief technology officer, Jeff Zhang will head the academy.

The company will set up labs in Moscow, Tel Aviv and Singapore as well as in Beijing and Hangzhou in China and San Mateo and Bellevue in the US.

The lab will focus on research areas which include data intelligence, Internet of Things, fintech, quantum computing, and human-machine interaction. The labs will also focus on machine learning, network security, visual computing and natural language processing. The Chinese tech giant is now recruiting 100 researchers.

Zhang in an interview said, "Over the past 18 years, we have developed a robust technology infrastructure that supports the rapid growth of our business".

China's top e-commerce firm will launch research bases in Israel, the US, Russia and Singapore as it looks to compete with global leaders in e-commerce, logistics and cloud technology.

. "We are now looking for talented and driven researchers to join us in the quest for new disruptive technologies that would advance our everyday lives, benefit small businesses, and narrow the technology gap to make our world a more inclusive place".

Alibaba said the program will help the tech giant fulfill its long-term commitment to serve two billion customers and create 100 million jobs in 20 years.

Alibaba now has around 25,000 engineers and scientists on its staff.

Michael I Jordan (Professor of University of California, Berkeley), Ru Huang (Professor and Dean of School of Electronics Engineering and Computer Science, Peking University), Wen Gao (Professor and Dean of Faculty of Information and Engineering Sciences, Peking University) and Zhaohui Wu (President, Zhejiang University).

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