Alibaba CTO Jeff Zhang is to lead a $100 billion yuan, three-year R&D programme aimed at increasing global technological collaboration and narrowing the global technology gap. The Discovery, Adventure, Momentum and Outlook (DAMO) Academy will set up labs in the US, China, Russia, Israel and Singapore, where researchers will focus on fintech, quantum computing and human-machine interaction. Alibaba said DAMO's long-term aim is to enable it to "serve two billion customers and create 100 million job opportunities in 20 years".
Alibaba CTO Jeff Zhang is to lead a $15bn, three-year R&D programme aimed at increasing global technological collaboration and narrowing the global technology gap. The Discovery, Adventure, Momentum and Outlook (DAMO) Academy will set up labs in the US, China, Russia, Israel and Singapore, where researchers will focus on fintech, quantum computing and human-machine interaction. Alibaba said DAMO's long-term aim is to enable it to "serve two billion customers and create 100 million job opportunities in 20 years".