Alibaba Establishes Global Research Academy
Alibaba’s chief technology officer announced during Alibaba’s Cloud Habitat Conference that the group has established a global research academy named Alibaba DAMO Academy and the group will invest CNY100 billion in this academy over the next three years. Alibaba DAMO Academy includes a global laboratory, a university joint research institute, and a global frontier innovation research program. Its research subjects cover quantum computing, machine learning, basic algorithms, network security, visual computing, natural language processing, next generation of human-computer interaction, chip technology, sensor technology, and embedded systems.
Source: China Tech News
Weibo, Is Raising $700 Million For Acquisitions
Chinese microblogging service Weibo is amassing a war-chest for acquisitions, with a new issue of up to $700 million in convertible senior debt. Weibo is China’s answer to Twitter—although, with a market cap of $20.95 billion to Twitter’s $12.67 billion, it’s rather more valuable. The Beijing-based firm said that it intends to use its new funds “for general corporate purposes, including working capital needs and potential acquisitions of complementary businesses.” Weibo’s acquisitions are likely to be Chinese, with a probably focus on areas where it has enjoyed recent success, such as video and entertainment. The tech blog also noted that Weibo has recently been investing in advertising technology.
China to use AI in human resources service
Artificial intelligence is beginning to be used in China’s human resources services. At the ongoing China Human Resource Service Expo 2017 in Hangzhou, capital of Zhejiang province, AI is featured in many human resource service products on display. The products have strong cognition abilities and data analysis skills. The technology could also help decide which post is the most suitable for a person.
Source: China Daily
Baidu updates its open-source autonomous driving platform
It’s odd that the search engine company known as the “Google of China” says that its open-source autonomous driving platform Apollo is the “Android of the auto industry.” But that’s exactly what Baidu is trying to be with Apollo and it’s racking up partners worldwide to make it a reality.At an event in Sunnyvale, California, the search company unveiled Apollo 1.5, its latest version of its autonomous driving platform. The new version supports HD maps, LiDAR, obstacle detection and deep learning technologies. All of which, like the rest of the platform, is open source and modular so developers can pick and choose what they want to use in their own systems.