In an effort to avoid being left behind in the race to research and develop new Artificial Intelligence (A.I.) technologies, the Chinese ecommerce giant Alibaba is set to invest $15 billion over the next three years into quantum computing and A.I. Alibaba has plans to open seven laboratories all across the world, from San Mateo, California to Tel Aviv and Moscow. Their efforts will focus on issues such as the internet of things, network security, machine learning, and natural language processing.
It’s the machine learning aspect of A.I. that we find the most interesting, as that is the foundation of the A.I. that lives on Tickeron.com. The algorithms on Tickeron are able to scan the stock market in search of patterns and trends, and then can use back-testing to determine statistical probabilities of outcomes that investors can use to make trading decisions. The A.I. continues to learn each time it discovers a new pattern and collects more back-testing data.
Alibaba is keenly aware of how Artificial Intelligence can be used to improve business processes, the experience for its 2+ billion customers, and ultimately, its growth as a company—Alibaba has plans to create 100 million jobs in 20 years. Yes, you read that correctly: 100 million jobs.
Alibaba will be aggressive in its pursuit of developing A.I. technologies. Part of their $15 billion investment will go to recruiting scientists and researchers to join their research labs, with an ultimate aim of discovering breakthrough technologies that will enable greater efficiency, network security, and ecosystem synergy for end-users and businesses everywhere.