Alibaba to invest $15b in new research initiative focused on emerging tech

Jack Ma
Alibaba Group executive chairman Jack Ma. Photo: Alibaba Group website

Alibaba Group Holding Ltd. today announced a new global research initiative to tackle emerging technology areas such as machine learning, network security and visual computing. The Chinese technology behemoth said it will invest $15 billion over the next years in research and development as part of the new programme.

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