Earlier this week, China’s e-commerce giant Alibaba announced that the company will invest $15 billion in R&D projects in the next five years and open seven tech labs across the globe—an initiative it’s calling DAMO Academy.
DAMO is a mouthful that stands for “Discovery, Adventure, Momentum, and Outlook,” and highlights Alibaba’s ambition to turn itself into a global tech giant in the same league as the likes of Google and Microsoft. The Chinese name of the R&D push, however, t
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