Alibaba is multiplying its funding in artificial intelligence, quantum computing, and the Internet of Things [IoT].
It announced recently it intends to put $15 billion in innovative work on the advancements, which are certain to profit both the organization, and the entire world.
Betting everything: A $15 BILLION PROJECT
To propel research on artificial intelligence, quantum processing, and the Internet of Things, Alibaba is committing $15 billion in funding over the next three years to make the fast arriving generation of those technologies.
As revealed by Bloomberg, the organization shared its plans in a mailed articulation, not long after CTO Jeff Zhang made the announcement at the organization’s Computing Conference 2017 in Hangzhou, China.
This is the start of its worldwide research program, known as Alibaba DAMO Academy — “DAMO” an acronym for Discovery, Adventure, Momentum and Outlook.
As a major aspect of the program, Alibaba plans to construct seven new R&D labs over the U.S., Russia, China, Israel, and Singapore.
More than 100 researchers overall who have practical experience in various parts of artificial intelligence, quantum computing, and the internet of things [IoT] will likewise be employed.
In an interviews with Bloomberg, Alibaba CTOr Jeff Zhang said the new labs will go far to “help solve issues that Alibaba is currently facing across its business lines. It will also be at the forefront of developing next-generation technology.”
MORE THAN LABS AND SCIENTISTS
Along with new labs, Alibaba’s multi-billion dollar venture will likewise go towards funding different joint efforts with universities, with the University of California at Berkeley as of now on board.
Furthermore, the organization has tapped various professors from any likes of Princeton and Harvard to sit on an advisory board.
Fortunately, according to CNBC, the organization has a “promise to serve 2 billion users and make 100 million employments in 20 years.”
We’ll need to sit back and watch what Alibaba thinks of in the coming years, yet it’s an unmistakable sign it’s set up to see this through, and has the assets important to move the world forward.
Alibaba’s expanded focus on artificial intelligence and quantum computing is a critical one, with both expected to aggressively revolutionize the world.
The organization already has a “smart warehouse” run by 60 robots, which drove a productivity increment of 300%.
That rate will only rise if the organization’s program is successful, however it raises a few worries about automation and its effect on human jobs.