Alibaba launches research arm for AI, quantum computing, and other emerging tech

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Alibaba Group announced today that it's launching a new research organization aimed at tackling emerging technologies like machine learning, network security, the internet of things, and quantum computing. It's called the Academy for Discovery, Adventure, Momentum and Outlook (or the DAMO Academy), and Alibaba plans to recruit 100 researchers to staff its labs around the globe. The company plans to open two labs in China, in the tech giant's home city of Hangzhou and in Beijing. In addition, the Chinese ecommerce and technology titan will open labs in San Mateo, California; Seattle, Washington; Moscow, Russia; Tel Aviv, Israel; and Singapore. Over the next three years, the company plans to spend $15 billion on research and development, a significant increase over its current rate of spending.


Alibaba says it will invest more than $15 billion over three years in global research program

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Chinese e-commerce giant Alibaba announced Wednesday it will invest more than $15 billion over the next three years into a global research and development program to increase collaboration and develop new technologies. That sum was slightly more than double the total amount Alibaba spent on R&D between 2014 and the fiscal year that ended March 31, 2017. The program is called the Academy for Discovery, Adventure, Momentum and Outlook -- DAMO Academy for short. As part of the program, Alibaba will set up seven research labs in Beijing, Hangzhou, San Mateo and Bellevue in the U.S., Moscow, Tel Aviv and Singapore, and recruit 100 researchers to staff them. 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.


Alibaba Launches Global Research Program for Cutting-Edge Technology Development

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HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Ltd. ("Alibaba Group") announced today the launch of an innovative global research program, "Alibaba DAMO Academy ("Academy")," which is designed to increase technological collaboration worldwide, advance the development of cutting-edge technology and strive to make the world more inclusive by narrowing the technology gap. With the setup of the Academy, the company expects to invest more than US$15billion in research and development over the next three years. The Academy, which stands for the "Academy for Discovery, Adventure, Momentum and Outlook," will oversee the opening of research and development labs worldwide and seek to recruit talented scientists and researchers to join the program. Alibaba Group's Chief Technology Officer, Jeff ZHANG will be the head of the Academy. In the beginning, the Academy will focus on the opening of seven research labs in China (Beijing and Hangzhou), the United States (San Mateo and Bellevue), Russia (Moscow), Israel (Tel Aviv) and Singapore.


Alibaba launches research arm for AI, quantum computing, and other emerging tech

#artificialintelligence

Alibaba Group announced today that it's launching a new research organization aimed at tackling emerging technologies like machine learning, network security, the internet of things, and quantum computing. 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. In addition, the Chinese ecommerce and technology titan will open labs in San Mateo, California; Seattle, Washington; Moscow, Russia; Tel Aviv, Israel; and Singapore. Over the next three years, the company plans to spend $15 billion on research and development, a significant increase over its current rate of spending. Jeff Zhang, the CTO of Alibaba Group, will lead the academy.


Anagog wins X5 Retail-Tech Challenge

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Israeli retail analytics insight company Anagog has won the X5 Retail-Tech Challenge competition for retail innovation. The competition was held this week in Tel Aviv by the Israel-Russia Chamber of Commerce, for the X5 retail group, Russia's largest retail chain. Anagog's management are traveling to Moscow to make a pitch to the retail chain's senior executives for a major contract from the chain. Evigence Sensors finished second in the competition and Varcode and Tarritech tied for third place. Anagog was founded in 2010 by Gil Levy and Yaron Aizenbud.