Alibaba Group has picked Singapore to launch one out of seven research labs which focus on foundational and disruptive technology research. This includes data intelligence, Internet of Things (IoT), FinTech, quantum computing and human-machine interaction.
Alibaba expects to invest more than US$15billion in research and development over the next three years. This follows the launch of its global research programme titled “Alibaba DAMO Academy” (Academy), which stands for the “Academy for Discovery, Adventure, Momentum and Outlook,”
According to a press statement, within the listed broach research areas, the labs will focus on topics such as machine learning, network security, visual computing, Natural Language Processing (NLP), to name a few. The programme looks to increase technological collaboration worldwide, advance the development of cutting-edge technology and making the world more inclusive by narrowing the technology gap. As such, the Academy is also looking to recruit 100 researchers globally.
The other six countries chosen are China (Beijing and Hangzhou), the United States (San Mateo and Bellevue), Russia (Moscow) and Israel (Tel Aviv). Meanwhile, Alibaba Group’s CTO, Jeff Zhang will be the head of the Academy.
The labs will also work with luminaries in the technology space and top educational institutions to explore technology breakthroughs aimed at improving the lives of technology end-users. It also looks to boost the efficiency and security of enterprises globally. The Academy will also set up an advisory board of globally renowned educators and researchers who will provide guidance and advice on the research direction and key research areas of the labs.