shiwaneeg

I am a marketing intern at Valuefirst Digital Media. I write blogs on AI, Machine Learning, Chatbots, Automation etc for House of Bots. ...

Follow on

I am a marketing intern at Valuefirst Digital Media. I write blogs on AI, Machine Learning, Chatbots, Automation etc for House of Bots.

Why is there so much buzz around Predictive Analytics?
71 days ago

Changing Scenario of Automation over the years
72 days ago

Top 7 trending technologies in 2018
73 days ago

A Beginner's Manual to Data Science & Data Analytics
73 days ago

Artificial Intelligence: A big boon for recruitment?
74 days ago

Is Python the most popular language for data science?
6705 views

Ex-Googlers Raise $10M to automate code testing with Machine Learning
6603 views

Artificial Intelligence: Real-World Applications
5763 views

Challenges of building intelligent chat bots
5637 views

A Beginner's guide to chatbot technology
5595 views

Alibaba set up its first joint research center outside China to focus on AI

Mar 1, 2018 | 2355 Views

Chinese tech giant Alibaba on Wednesday said it set up a joint research institute in Singapore, together with a local university.

The research institute will focus on developing artificial intelligence applications in a variety of areas including health care, smart homes and urban transportation.

Alibaba said that the institute, launched with Singapore's Nanyang Technological University (NTU), was the firm's first joint research center outside China. It will be housed on the university's campus.

Initially, the center would start with 50 researchers from Alibaba as well as the university. AI applications developed by the research institute would be tested on NTU's campus, within Singapore and across the Southeast Asian region, according to Alibaba.

The e-commerce giant and NTU together would invest millions of Singapore dollars per year over the next five years to fund research projects, according to a statement attributed to Alibaba Chief Technology Officer Jeff Zhang.

An Alibaba spokeswoman declined to break down the investment figures, but said the tech company's contributions would come from a research and development fund announced last year.

Zhang also said that Singapore was an important market for Alibaba's plans for Southeast Asia, and pointed to the city-state's well known research and development institutions, academic talent and supportive government policies as the basis for choosing to set up the center there.

Last October, Alibaba said it would invest $15 billion over a three-year period into a global research and development program, called DAMO Academy, to create new technologies.

As part of the program, Alibaba said it would set up research labs in China, the United States, Russia, Israel and Singapore.

On Wednesday, Alibaba said it was still looking to establish its own DAMO research lab in Singapore.

Artificial intelligence is still in its nascent stage but billions of dollars have already been spent on developing smart systems. International Data Corporation, last year, predicted that by 2021, global spending on cognitive and artificial intelligence systems could reach $57.6 billion.

Source: CNBC
shiwaneeg

I am a marketing intern at Valuefirst Digital Media. I write blogs on AI, Machine Learning, Chatbots, Automation etc for House of Bots. ...

Full Bio 
Follow on

I am a marketing intern at Valuefirst Digital Media. I write blogs on AI, Machine Learning, Chatbots, Automation etc for House of Bots.

Why is there so much buzz around Predictive Analytics?
71 days ago

Changing Scenario of Automation over the years
72 days ago

Top 7 trending technologies in 2018
73 days ago

A Beginner's Manual to Data Science & Data Analytics
73 days ago

Artificial Intelligence: A big boon for recruitment?
74 days ago

Is Python the most popular language for data science?
6705 views

Ex-Googlers Raise $10M to automate code testing with Machine Learning
6603 views

Artificial Intelligence: Real-World Applications
5763 views

Challenges of building intelligent chat bots
5637 views

A Beginner's guide to chatbot technology
5595 views