2018/10/01: China's biggest tech firm announced Wednesday that the new business will develop artificial intelligence chips for cloud computing, internet-connected devices and other sectors.
Alibaba's chief technology officer, Jeff Zhang, said the e-commerce company's advantages in algorithms and data put it in "a unique position to lead real technology breakthroughs in disruptive areas, such as quantum and chip technology."
Alibaba (BABA) has previously made several investments in chipmakers. Earlier this year, it bought C-Sky, a Chinese chip design firm.
Alibaba Executive Chairman Jack Ma has been vocal about addressing China's heavy reliance on foreign-made chips.
"The market for chips is controlled by America ... and suddenly if they stop selling, what that means, you understand," Ma told university students in Tokyo in April. "That's why China, Japan and any country — you need core technologies."
Ma's remarks came shortly after the US Commerce Department blocked American companies from selling parts to ZTE (ZTCOF), a Chinese tech company that relied on US suppliers, including chipmakers, to manufacture smartphones and telecommunications equipment.
2018/06/27: We are witnessing a massive transition in Value Creation from the means of production to the means of Market Production and Curation.
Take for example Uber – here the taxi driver is a bare transitionary commodity and interchangeable. The real value creation instrument is Uber which creates, curates the market – this process now extends from Retail – Amazon – to Manufacturing, AliBaba. This reality signals a great transfer of value creation from the relatively distributed means of production to the massively globally centralised & privatised means of market making & marker curation. The implications of this are massive for inequality and scaling of precarious citizenship.
what is being disrupted is not the plumber or craftsmen but the middle classes – the management, administrative and intermediary skills.
Our Governance model is broken, we live in a ‘systemocracy’ – a world of massive inter-dependency yet we are holding on to 19th century versions of governance. This creates the illusion of sovereignty & supremacy – acting as a denial of the complexity we must confront.