Alibaba Group Holding Ltd (NYSE:BABA) and NTU Singapore officially set the Alibaba-NTU Singapore Joint Research Institute. The signing of the MoU between Professor Subra Suresh, the President of NTU Singapore and Mr Jeff Zhang, the CTO of Alibaba marked the launch of first joint research institute of Alibaba outside China. This deal with NTU Singapore is for a preliminary five years, beginning with a team of 50 researchers from both firms.
The joint institute will look to integrate NTU’s human-centered AI know-how which has been used in areas such as aging, homes, communities and health, with Alibaba’s major technologies including computer vision, Natural Language Processing (NLP), cloud computing and machine learning to explore further technology innovations and real-life AI solutions. Over the upcoming five years, Alibaba and NTU will further push the edges of AI and deploy AI solutions in setups ranging from retail, community, home and urban transportation to nursing homes and hospitals, with the objective of enhancing the city’s efficiency and assisting people to achieve a smarter, happier and healthier life.
Professor Subra Suresh expressed that using AI technologies, they can address basic societal challenges like aging population which is a major concern for cities with a fast aging population like Singapore. For instance, virtual AI assistants can be used to enhance work productivity while smart sensors can be utilized to monitor the health of the elderly, with information stored on the cloud for incessant monitoring.
These cloud technologies and AI will be advanced and checked on the NTU Smart Campus to showcase the effectiveness of the solutions. NTU has established deep expertise in major areas outlining the Fourth Industrial Revolution. Zhang, the CTO of Alibaba, expressed that they are thrilled to work with the brightest and best around the world to advance smart solutions for their future.
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