Alibaba Donates Quantum Lab to University Amid AI Focus Shift
The move is part of a broader internal restructuring, with the company's Damo Academy now prioritizing AI in agriculture and healthcare.
- Alibaba's Damo Academy is donating its quantum lab to Zhejiang University, shifting its focus to AI in agriculture and healthcare.
- Alibaba was one of the earliest Chinese tech companies to invest in quantum technology, establishing a quantum computing lab in Shanghai in 2015.
- The quantum lab's 30 employees represent a small part of Alibaba's overall R&D team, and Zhejiang University is expected to try and recruit them.
- Alibaba's internal restructuring has led to the closure of the quantum lab, following a scrapped plan to spin-off its cloud division.
- Alibaba's new CEO Eddie Wu has stated that each of the company's businesses will face the market more independently and undergo strategic reviews to distinguish between 'core' and 'non-core' businesses.