Alibaba invests $15 billion in artificial intelligence
It became known that Chinese company Alibaba will invest about $15 billion in artificial intelligence, Internet of things and quantum research.
Alibaba claims to invest in these industries in order to gain an advantage over competitors and receive more profits. By investing such a sum, the company can occupy up to 70% of the market. This way it will not only increase the profits, but also invest in underexplored areas that can later develop faster.
During this campaign, the Internet giant will also open corresponding research laboratories in China, Singapore, Seattle and Silicon Valley.