Oct 16, 2017

Alibaba invests 15 bn USD in R&D

We talk a lot about exponential and how it makes it impossible for (traditional, linear) competition to keep up. Here's another example: A company like Alibaba can invest 15 billion in researching AI, quantum computing, or anything potentially "foundational and disruptive". I'll make sure to tell this to a local ecommerce company...

https://www.theverge.com/2017/10/11/16458486/alibaba-research-investment-fund-15-billion-ai