China's Alibaba launches new research academy,

Jack Ma founder of the Alibaba Group attends the 2017 forum on rural headmasters

Alibaba Group announced today that it plans to invest more than $15 billion over the next three years into a global research and development initiative called Alibaba DAMO Academy.

The new research and development project, named Alibaba DAMO Academy, short for Academy for Discover, Adventure, Momentum and Outlook, will receive a $15bn investment across a global research program that increases collaboration and development of new technologies around the world.

The first point of focus for the academy will be setting up seven research labs across China, the US, Russia, Israel and Singapore. In building this out, the academy is now looking to recruit 100 talented researchers from around the world.

Zhang, who will lead the academy, said in a prepared statement that the research program will be "at the forefront of developing next-generation technology that will spur the growth of Alibaba and our partners".

"The labs will help solve issues that Alibaba is now facing across its business lines", Jeff Zhang, Alibaba's chief technology officer, said in a telephone interview. The labs at these research institutes would apparently be utilized to work on projects spanning a multitude of disciplines - the Internet of Things, data intelligence, quantum computing, financial technologies, human-machine interaction, inclusive of natural language processing and machine learning.

Other major Chinese tech companies, such as Baidu and Tencent, have in recent years opened research and development labs around the world to develop new technologies.

Runny eggs back on the menu after health advice reviewed
For UK non-Lion, non-hen and eggs from outside the UK, is that they should always be cooked thoroughly for vulnerable people. This assurance to the public, the NFU said, is crucial for long-term public confidence in the safety of British eggs.

Trump seems unaware National Football League pays taxes
Then-San Francisco 49ers quarterback Colin Kaepernick launched the form of silent protest past year . If a player chooses to disrespect the flag, he will not play in the game-and it's as simple as that.

Child left behind at Utah corn maze
Police said a mother didn't realize until the next morning that she had left her 3-year-old at a corn maze the night before. No charges have been laid against the parents yet, but local police say the case is still being investigated.

Alibaba said its goal is to serve 2 billion customers and create 100 million job opportunities in 20 years.

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

The company also plans to hire a hundred "talented" researchers from around the world to staff the labs, which will reportedly closely collaborate with university programs at Berkeley or the University of California. With our global expansion, we have grown and refined our technology manifold.

"We are now looking for talented researchers to join us in the quest for new disruptive technologies that would advance out everyday lives".

Alibaba now has around 25,000 engineers and scientists on its staff across its multiple businesses of ecommerce, cloud infrastructure, payment and financial services, logistics, marketing services, and digital media.

Related:

  • Sydney woman picks up shark from rockpool

    Sydney woman picks up shark from rockpool

    She joked while speaking on the show that "As a real estate agent I'm used to relocating people and this was similar". The video was uploaded to Facebook and viewed nearly 20,000 times in 24 hours.
    Watching Shares of Mannkind Corporation (MNKD) — Technical Focus

    Watching Shares of Mannkind Corporation (MNKD) — Technical Focus

    Price-To-Cash-Flow-Ratio is a term that indicates the degree of cash flow valuation of the enterprise in the securities market. Book value refers to the total amount a firm would be worth if it liquidated its assets and paid back all its liabilities.
    Eight alleged Taliban militants 'killed' in drone strike in Afghanistan

    Eight alleged Taliban militants 'killed' in drone strike in Afghanistan

    He also added that the Defense Department was 'no longer bound' by the need for proximity of its forces. The continued military effort in Afghanistan has led to a record number of civilian deaths this year.
  • Honor introduces its first smartphone with an 18:9 FullView Display

    Honor introduces its first smartphone with an 18:9 FullView Display

    Besides, the smartphone offers Hybrid Dual SIM, 4G with VoLTE, WiFi (802.11 b/g/n), Bluetooth 4.1 and Global Positioning System . The device also supports the company's SuperCharge fast charging technology with the help of a 9V/2A (18W) power adapter.
    Edwin Encarnacion could return for ALDS Game 5

    Edwin Encarnacion could return for ALDS Game 5

    After the Yankees blew a five-run lead and lost Game 2 in 13 innings on Friday night, it appeared their days were numbered. The Indians took the first two games in Cleveland, then the series shifted to NY , where the Yankees won Games 3 and 4.
    Indian Navy dismisses sailor for undergoing irreversible gender re-assignment

    Indian Navy dismisses sailor for undergoing irreversible gender re-assignment

    Sabi, who was diagnosed with gender identity disorder, said she sought help from the naval doctors but was turned away. The Navy is inducting a small number of women as officers, and only men as sailors, soldiers and airmen.
  • UH email on nuclear preparation attracts worldwide  attention

    UH email on nuclear preparation attracts worldwide attention

    Students at the Aloha State school received an email Monday with the subject line "in the event of a nuclear attack ". And he warned an attack by Kim Jong-un on military bases in the Pacific is possible in under three years.
    Lil B says Facebook suspended his account for

    Lil B says Facebook suspended his account for "talking about white people"

    In recent days, Lil B has been Facebooking/tweeting similar thoughts about his belief that "love" can conquer racism. Lil B commented on the matters himself tweeting out that he had been banned for " talking about white people ".

    Turquoise Hill Resources Ltd. (NYSE:TRQ) Valuation According To Analysts

    Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year. The company's Average Earnings Estimate for the Current Fiscal quarter is $-0.01, according to consensus of 6 analysts.
  • Hyundai Aims To Make Car-Buying Experience Easier

    Hyundai Aims To Make Car-Buying Experience Easier

    This includes applying for financing, obtaining credit approvals, calculating payment estimates and valuing trade-ins . The automaker just launched Shopper Assurance , a new program to streamline and modernize the car-buying experience.
    Google Store Pop Up Coming Soon: Yes, The Pixelbook Will Be There

    Google Store Pop Up Coming Soon: Yes, The Pixelbook Will Be There

    However, T-mobile offers a promotion this year that is the vast enhancement compared to the last year's promotion. Start the countdown, friends, because in 10 days, you'll be able to walk into a storefront hosted by Google .

    Goldman Sachs Group Inc (GS) Stock Rating Reaffirmed by JPMorgan Chase & Co

    Illinois-based Guggenheim Capital has invested 0.17% in Netflix, Inc. 16,100 are owned by Quantitative Mgmt Ltd Liability Company. The investment management company reported $3.95 EPS for the quarter, topping analysts' consensus estimates of $3.39 by $0.56.

Comments

Latest news

Global PC shipments decline by 3.6 percent in Q3 2017
The data includes all types of PC (including desktop models), but does not include Chromebook computers or iPad devices. Gartner's estimates had Dell with a 15.2 per cent share on shipments of 10.1 million units in the third quarter.

Uber's Indian rival Ola raises $1.1bn investment to deepen market presence
It recently invested in Grab, Uber's rival in Singapore, and has a stake in Didi Chuxing in China. Bhavish Aggarwal, chief executive officer and a founder of Ola said in a press statement.

UEFA Nations League composition announced
The top four-ranked teams that do not qualify for Euro 2020 will contest a play-off in March 2020, with one finals place on offer. The four bottom teams in their respective groups will be relegated to League B for the 2020 edition.

Google Home Mini updated to stop it from accidentally recording everything
A reviewer noticed something problematic about his Google Home Mini , something it wasn't supposed to be doing at all. Still excited for the future, or should we all go back to vinyl and looking things up in the library?

OMCs won't negotiate on fuel dealers' discipline rules
Cantt said the dealers were objecting to "daily pricing" of fuel and this was unwarranted. Singh said petrol and diesel pumps will witness no transaction on 13th October.

'Thor: Ragnarok' Marks Beginning Of A Three-Part Story Arc For The Hulk
He's like a baby! Dressed to impress and not afraid to make a statement, 24-year-old Miley wore a vibrant printed dress. Ruffalo's Bruce Banner has come a long way as a "supporting" Avenger , to Thor's co-"Revenger" in the upcoming film.

Maharashtra, Gujarat cut Value-Added Tax on petrol and diesel
He added: "The then government fixed its revenue share as a way out". "The increased sale will compensate losses to some extent". The Central government had earlier instructed the state governments to bring down the taxes to help the consumers.

Shares rise after positive Domino's update
Shares of PNC are building support at $134, which has turned into a clear point of interest of the chart traders in the market. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Sex With Wife Aged Under 18 Years To Be Considered Rape: SC
Immunity can not be allowed to a husband who is having sexual intercourse with his wife in this age group, said the court. In the ruling, the Court also said that exempting married women aged between 15 and 18 from this rule is unconstitutional.

E tu welcomes Emirates' exit from most trans-Tasman services
Airline president Sir Tim Clark said the it was a "no brainer" to continue sponsorship of the America's Cup holders. Emirates is also evaluating potential new direct services between New Zealand and Dubai, it said in a statement.

United Nations pulls staff from Malawi after vampire scare
His office said: 'This development has been of grave concern to the President and the entire Government'. They have also continued to send armed mobs out into the streets to search for the alleged vampires .

OnePlus Found Recording Personal Data Of Users
The company says, "We securely transmit analytics in two different streams over HTTPS to an Amazon server". So we dont now know if the same thing is occurring in the more current OnePlus 3T or OnePlus 5 models.

Won't close foreign accounts, let me go overseas : Karti Chidambaram
The CBI responded by saying, " we have things to show- the jugglery of accounts and properties overseas . The matter would be heard tomorrow has the Centre's counsel sought time to take the instructions.

Israel exposed Russian hackers attempting to access USA intelligence
An employee works in the virus lab at the headquarters of Russian cyber security company, Kaspersky Labs, in Moscow. The New York Times said its information had come from current and former government officials.

How Does Annaly Capital Management, Inc. (NLY) Stack Up Right Now?
A number of investment brokers have recently updated their price targets on shares of Annaly Capital Management Inc (NYSE: NLY ). Norges Bank acquired a new stake in Annaly Capital Management during the fourth quarter valued at approximately $100,891,000.

Other news