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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen9/27/2018 5:44:29 AM
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Why Alibaba is betting big on AI chips and quantum computing

During the opening ceremony of Alibaba’s 2018 computing conference last week, Simon Hu, president of Alibaba Cloud, invited the MC to taste some tea on the stage—but, first, to distinguish between tea roasted by hand and by machine.

While the MC stared helplessly at two saucers filled with nearly identical-looking tea leaves, Hu pulled out his smartphone. He took a photo of each saucer and fed them into an app developed by Tmall, one of Alibaba’s e-commerce platforms. Using an algorithm specially trained to tell the difference between different kinds of tea leave, the app solved the problem.

It was a small example of the interplay between Alibaba’s research on fundamental technologies and the demands of its business. Later on in the four-day conference, the company announced more plans to develop technologies that could be turned into useful things in everyday life, including an AI-chip subsidiary called Pingtou Ge and a team that’s developing a quantum processor.

The person leading all these research efforts is Jeff Zhang, Alibaba’s chief technology officer and head of its DAMO Academy research lab. Zhang sat down with MIT Technology Review at the event to discuss his company’s plans.

TR: Why did Alibaba create a chip company?

Zhang: This gives us an advantage. Chips are becoming more specialized. Many companies are developing AI chips, but each company has different data loads and business needs. This means each company needs customized chips optimized for its own software. This is something traditional chip companies can’t do.

Read More $ MIT Technology Review
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