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Alibaba to invest $15B into tech development

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Alibaba plans to invest $15 billion over the next three years on "cutting-edge technology," officials say.

The Chinese e-commerce giant plans to focus on quantum computing and artificial intelligence.

"We aim to discover breakthrough technologies that will enable greater efficiency, network security and ecosystem synergy for end-users and businesses everywhere," said Alibaba Chief Technology Officer Jeff Zhang.

Read more from USA Today.

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