28 Feb '18, 11am

Alibaba opens first joint research institute outside #China with NTU

SINGAPORE: Chinese e-commerce giant Alibaba opened its first joint research institute outside China in Singapore on Wednesday (Feb 28), in a collaboration with Nanyang Technological University (NTU). The joint institute will explore technological breakthroughs and real-life artificial intelligence (AI) solutions in areas such as health, ageing and lifestyle. Alibaba and NTU will commit a multimillion-dollar investment annually for an initial five years, and the institute will start with a pool of 50 researchers from both organisations. Alibaba's contribution to the research institute will come from the US$15 billion (S$20 billion) fund earmarked for the Alibaba Discovery, Adventure, Momentum and Outlook (DAMO) Academy programme. The company declined to give an exact figure, although NTU said its scale will rival the likes of the Singtel-NTU corporate lab, which was funded ...

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