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

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...

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