Technology A Chinese tech behemoth just announced a new $15 billion initiative

17:47  11 october  2017
17:47  11 october  2017 Source:   CNBC

Chinese-speaking tennis umpires bring the house down

  Chinese-speaking tennis umpires bring the house down Foreign umpires at the China Open have been unintentionally entertaining the crowds and earning hearty applause with their attempts at pidgin Chinese.  Some of the officials, who come from a range of countries, are using very basic Chinese for the first time at the Beijing tournament to give instructions to the ball boys, ball girls and unruly spectators.Among the words they have learnt is the equivalent of towel to remind the ball boys and girls when players need a wipe-down and then saying "xiexie" (thank you).

New B. Tech Programme.

Thanks for signing up! Don't forget to confirm your subscription (we just sent you an email).

Jack Ma, founder of the Alibaba Group attends the 2017 forum on rural headmasters on July 12, 2017 in Hangzhou, Zhejiang province of China. © Provided by CNBC Jack Ma, founder of the Alibaba Group attends the 2017 forum on rural headmasters on July 12, 2017 in Hangzhou, Zhejiang province of China. China e-commerce giant Alibaba announced Wednesday it will invest more than $15 billion over the next three years into a global research and development program to increase collaboration and develop new technologies.

That sum was slightly more than double the total amount Alibaba spent on R&D between 2014 and the fiscal year that ended March 31, 2017.

The program is called the Academy for Discovery, Adventure, Momentum and Outlook — DAMO Academy for short. As part of the program, Alibaba will set up seven research labs in Beijing, Hangzhou, San Mateo and Bellevue in the U.S., Moscow, Tel Aviv and Singapore, and recruit 100 researchers to staff them.

Insurers to work with tech firms on risks from drones, driverless cars

  Insurers to work with tech firms on risks from drones, driverless cars The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms have moved fast to develop new products, but assigning liability - who is responsible for any accidents or losses - is not always clear, the WEF said in a report.Losses from technology-related crime can also be huge. A cyber attack on the U.S. Northeast electrical grid, for example, could cause economic losses as high as $222 billion, according to research carried out for the specialist Lloyd's of London insurance market.

There was an error decoding this link. Please try the link again, or contact the sender of the email.

DMN NewsWire is the leading source of daily news covering the digital media creation, information technology and enterprise solutions industries.

Those labs will undertake projects in areas of data intelligence, Internet of Things, financial technologies, quantum computing and human-machine interaction, including machine learning and Natural Language Processing. They would collaborate with institutions such as the University of California, Berkeley through its RISE Lab.

The program, Alibaba said, will be guided by an advisory board comprising researchers and educators from several top universities, including MIT.

The announcement was made by Alibaba Chief Technology Officer Jeff Zhang at the company's Computing Conference 2017 in Hangzhou, China.

Zhang, who will lead the academy, said in a prepared statement that the research program will be "at the forefront of developing next-generation technology that will spur the growth of Alibaba and our partners."

BBC will use machine learning to cater to what audiences want to watch

  BBC will use machine learning to cater to what audiences want to watch Today, BBC’s R&D team announced a five-year initiative to use machine learning to work out what audiences want to watch. To accomplish this, the team is partnering up with data scientists and experts from UK universities as well as media and tech companies based in Europe and internationally.The Data Science Research partnership intends to create “a more personal BBC” that can entertain in new ways. Researchers will analyze user data and apply algorithms to get marketing and media insights about audiences’ preferences.

blog '' is not exists. Living a Life of Joy: Tap into the Worlds Ancient Wisdom and Reach a New

blog '' is not exists. The Internet Initiative

"We are now looking for talented and driven researchers to join us in the quest for new disruptive technologies that would advance our every-day lives, benefit small businesses and narrow the technology gap to make our world a more inclusive place," Zhang added.

Alibaba said the program will help the tech giant fulfill its long-term commitment to serve 2 billion customers and create 100 million jobs in 20 years.

Experts have previously said that China was moving more into the research and development of hardcore, cutting-edge technologies. In September, investment bank Goldman Sachs issued a report saying the world's second-largest economy has emerged as a major contender in using artificial intelligence to drive progress.

Other major Chinese tech companies, such as Baidu and Tencent, have in recent years opened research and development labs around the world to develop new technologies.

China mobile users tap phones to 'applaud' president's speech .
Missed out on the orchestrated applause at China's Communist Party Congress? Cheer up: this being China, you can join the praise through your mobile phone. China's ubiquitous WeChat platform has released a game allowing the country's hundreds of millions of smartphone users to retroactively applaud President Xi Jinping's more than three-hour opening speech -- by tapping their phone screens.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!