Ali Joins Hands with Nvidia to Invest US $1 Billion in Cloud Computing
Hong Kong VPS On January 23, it was reported that according to Bloomberg News, Alibaba Group said on Wednesday that in the future, the company will join hands with Nvidia, an American technology manufacturer, to jointly enter the field of cloud computing and artificial intelligence, and plans to recruit about 1000 developers for its big data platform business in the next three years.
Alibaba said that it would invest $1 billion in data analysis and machine learning business in the future, and compete with Amazon to meet the data processing and storage needs of governments and enterprises to promote economic growth in the next decade.
Ali's investment will also meet its own needs. According to the data provided by Bain&Co, a market research institution, by 2020, China's online retail market will grow to 10 billion yuan (about 1.5 billion US dollars). Alibaba already has a football field size remote data center in the United States, and the new investment will enable Alibaba to build a second data center in Silicon Valley and the first in Europe.
Hu Xiaoming, president of Alibaba Cloud, said earlier that "Alibaba Cloud is one of the fastest growing services in the global industry. In addition to maintaining rapid growth in Asia, we have also maintained growth in Europe and the Middle East."
Quantum computing
At present, Alibaba Cloud's business scope is extending beyond its basic cloud computing services. Alibaba Cloud and the Chinese Academy of Sciences have jointly created a quantum computing laboratory, which will help ensure that its data centers and machine equipment can maintain faster computing power. Nvidia, located in Santa Clara, California, will provide technical support to customers in the field of deep learning and high-performance computing.
Alibaba Cloud's revenue source mainly depends on charging customers for the use of computing infrastructure. Hong Kong VPS At present, this part of income only accounts for a small proportion of its total income. According to Bloomberg data, in the quarter ended June last year, Alibaba Cloud's revenue accounted for only 3.1% of Alibaba's total revenue.
Data from SunTrust Robinson Humphrey Inc, a market research institution, shows that Alibaba's cloud computing business revenue will exceed $1 billion by 2018, while the global public cloud service market will reach $120 billion. In contrast, Amazon's cloud service revenue growth in the third quarter of last year was better than expected, with a growth rate of 78% to $2.1 billion.
In addition, Microsoft and Google also compete to enter the cloud computing field, providing customers with data storage and network computing services based on Internet systems.
