Alibaba Group Holding Ltd today announced plans to invest more than $15 billion over the next three years in a global research and development programme, which, the company said, is created to increase technological collaboration worldwide, advance the development of cutting-edge technology and make technology more inclusive. The Chinese tech giant is now recruiting 100 researchers.
Jeff Zhang, Alibaba Group chief technology officer, is leading the DAMO Academy.
The Alibaba "Damo" academy would launch eight research bases in China, Israel, the United States, Russia and Singapore and was hiring 100 researchers to work on artificial intelligence (AI), quantum computing and fintech, the company said in a statement on Wednesday. It has two branches in Chiana; Beijing and Hangzhou, Two in the USA; San Mateo and Bellevue, one in Moscow; Russia, One in Tel Aviv, Israel; and Singapore.
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".
Alibaba now has 25,000 engineers on staff, it says, and says the new research infrastructure will help them meet a goal of two billion customers within two decades.
Those labs will undertake projects in areas of data intelligence, Internet of Things, financial technologies, quantum computing and human-machine interaction, including machine learning and Natural Language Processing. With our global expansion, we have grown and refined our technology manifold. They would collaborate with institutions such as the University of California, Berkeley through its RISE Lab. "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 now has around 25,000 engineers and scientists on its staff.