Amidst reorganization, Alibaba’s research division closes its quantum computing unit

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Alibaba to acquire Cainiao shares for up to $3.75 billion as it abandons IPO plans
Alibaba to acquire Cainiao shares for up to $3.75 billion as it abandons IPO plans

Chinese tech giant Alibaba stated that it had separated a team and lab dedicated to quantum computing from its research arm.

The Chinese internet giant Alibaba (9988.HK) said on Monday that it had separated a team and lab dedicated to quantum computing from its research arm and donated the lab and associated experimental equipment to Zhejiang University.

A representative for Alibaba’s in-house research program, DAMO Academy, which encompasses the lab, stated that the academy will persist in emphasizing technological research with the objective of becoming a frontrunner in artificial intelligence (AI) research.

A source familiar with the situation had earlier stated that the lab and its thirty workers make up just a minor portion of Alibaba’s entire research and development staff.

Zhejiang University would make an effort to hire the impacted staff members to work on its own quantum research, according to the source.

Alibaba Group established the DAMO Academy in 2017 to conduct research on cutting-edge technologies like artificial intelligence and machine learning.

The lab’s shutdown is the most recent internal reorganization at Alibaba, which announced in March that it would divide its operations into six segments and sell off its cloud division.

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