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Quantum computing could put a stop to traffic jams

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Traffic hell is alive and well in Los Angeles. In 2017, Angelenos were stuck on the road for 102 hours each (more than four full days), costing the city $19.2 billion, according to INRIX's annual global traffic scorecard. Traffic is almost as bad--and costly--in Moscow, Sao Paulo, and London. But this is the 21st century! Can't AI fix these problems by optimizing traffic flow?


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 is spending $15 billion on researching quantum computing, AI, and more

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Chinese e-commerce giant Alibaba has unveiled plans to invest $15 billion in R&D projects. According to a report from Quartz, the money was announced at the company's annual cloud computing conference in Hangzhou. The initiative is part of Alibaba's so-called DAMO Academy (or "Discovery, Adventure, Momentum, and Outlook") and will include the opening of seven new labs: two in China, with others in Singapore, Moscow, near Seattle, and in Silicon Valley. The scope of research to be conducted in these facilities is broad, focusing on both "foundational and disruptive technology," says Alibaba. This will include areas like the internet of things and data analysis, as well as artificial intelligence and even quantum computing.


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.