Chinese e-commerce giant Alibaba Group launched its first joint research organization outside of China along with Singapore’s Nanyang Technological University on Wednesday. The joint institute will explore how artificial-intelligence (AI) can be adopted and applied in real-life situations. Both sides will commit a multimillion-dollar investment annually for the first five years. There are 50 researchers from both organisations at the moment.
“Singapore is well known for its world-leading technology R&D institutions, strong base of academic research talent, a population that is receptive to the next big thing in technology and supportive government policies like the Smart Nation initiative,” said Jeff Zhang, the Chief Technology Officer of Alibaba Group.
In the next five years, the team of researchers will study the application of AI solutions in various scenarios, including households, retails, transporation, community, nursing homes and healthcare.