In agreement, Chief Technology Officer Jeff Zhang outlined Alibaba has developed and now has the power and resources to fulfil the aims of the strategy today.
The program represents a significant increase in research and development spending and aims to help the giant company worth more than Dollars 469 billion keep the pace maintained by Amazon.com and Tencent Holdings in the changing industries. In each area, researchers will focus on real-world applications such as machine learning, network security and natural language processing.
It's called the Academy for Discovery, Adventure, Momentum and Outlook (referred to as the DAMO Academy for short), and Alibaba plans to recruit 100 researchers to staff labs around the globe.
The investment also comes as Beijing prioritises state funding in quantum computing, AI and big data, urging provincial governments, universities, the military and private firms to play a bigger role in developing advanced technology in areas where China trails developed countries. Labs will be set up across China, the US, Russia, Israel and Singapore and collaborations will be funded with universities, including the University of California at Berkeley. On top of this, it is also now recruiting 100 more researchers from across the world.
The labs will also collaborate with universities, for example the Academy will work with the University of California, Berkeley on areas such as secured real-time computing. Jeff Zhang, the CTO of Alibaba Group, will lead the academy.
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. With our global expansion, we have grown and refined our technology manifold.
The program, Alibaba said, will be guided by an advisory board comprising researchers and educators from several top universities, including MIT.
"We are now looking for talented researchers to join us in the quest for new disruptive technologies that would advance out everyday lives".
Alibaba Group's mission is to make it easy to do business anywhere. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.