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Alibaba to double R&D spending to USD 15 bln, with eye towards 'moonshot' projects

Wednesday 11 October 2017 | 09:16 CET | News
Alibaba said it will be doubling its R&D spend over the coming three years to USD 15 billion in order to develop next-generation technology and explore moonshot projects aimed at upending industries, Bloomberg reported. Alibaba plans to set up seven research labs and hire 100 scientists around the world to push further into artificial intelligence, the Internet of Things and quantum computing, the company said in an emailed statement. Specific fields include machine learning, visual computing and network security.

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Categories: General
Countries: World
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