International Data Corporation, last year, predicted that by 2021, global spending on cognitive and artificial intelligence systems could reach $57.6 billion. Alibaba is setting up an artificial intelligence (AI) lab in China , the company's first joint research centre outside Singapore . The Chinese tech giant teamed up with Singapore 's Nanyang Technological University ( NTU ) to launch the centre, which will be based on campus. The lab will initially employ millions researchers from both Alibaba and Nanyang Technological University , and focus on developing AI in areas including healthcare, connected homes and urban transport.
Alibaba is setting up an artificial intelligence (AI) lab in China , the company's first joint research centre outside Singapore . The Chinese tech giant teamed up with Singapore 's Nanyang Technological University ( NTU ) to launch the centre, which will be based on campus. The lab will initially employ millions researchers from both Alibaba and Nanyang Technological University , and focus on developing AI in areas including healthcare, connected homes and urban transport.