Why Alibaba Is Spending $15 Billion On 'Disruptive Technology'

A Chinese tech behemoth just announced a new $15 billion initiative

As part of the global R&D program Alibaba will set up research labs in China the U.S. Russia Israel and

To advance research and development on artificial intelligence, quantum computing, and the Internet of Things, Alibaba is dedicating $15 billion in funding over the next three years to create the next generation of such technology.

"Labs will help solve the problems Alibaba is now facing in its business processes", said Jeff Zhang, chief technology officer at Alibaba. The research and development (R&D) unit leading the initiative, set to spend the money over three years, the Wall Street Journal says (paywall), is called the Alibaba Academy for Discovery, Adventure, Momentum, and Outlook (DAMO). With special talent recruited for the objective across several labs spread around the world, including at home in China and in countries like the United States, Singapore, Russia and Israel. Over 100 scientists worldwide who specialize in different aspects of AI, quantum computing, and the IoT will also be hired.

Apart from Alibaba, other renowned technical giants in China such as Tencent and Baidu have also established R&D labs across the globe to introduce advanced technologies.

Alibaba now has an overseas data science research lab in California, however, it has continously opened several data centers in Europe, America, Middle East, Australia, India, Indonesia and Japan a year ago as a way to expand its cloud business. An advisory board, consisting of researchers and educators from various top universities such as MIT will guide the program. For example, Alibaba will work with the University of California, Berkeley's Real-Time Intelligent Secure Execution lab (RISELab) on its work into secure computing.

Alibaba Group Holding Ltd.is putting a lot of cash behind its goal of serving 2 billion customers and creating 100 million job opportunities over the next two decades. With our global expansion, we have grown and refined our technology manifold. "We aim to discover breakthrough technologies that will enable greater efficiency, network security and ecosystem synergy for end-users and businesses everywhere", Jeff Zhang said in a statement.

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