China’s e-commerce giant ramps up AI investment to innovate business landscape.

Source: Xinhua | Author: Xinhua News Agency | Read the full article

Alibaba Group, a leading e-commerce company in China, is significantly increasing its investment in artificial intelligence (AI) and cloud computing. The company plans to invest over 380 billion yuan (approximately 53 billion U.S. dollars) over the next three years to enhance its AI and cloud infrastructure. This move is aimed at transforming its business operations and maintaining its competitive edge in the industry.

The CEO of Alibaba, Eddie Wu, highlighted that this investment will surpass the total amount spent on AI and cloud technologies in the past decade. The company is focusing on integrating AI into its e-commerce platform, Taobao, to improve customer engagement and streamline shopping experiences. Additionally, Alibaba is looking to evolve its navigation app, Amap, into a comprehensive lifestyle service platform powered by AI.

To support this ambitious plan, Alibaba is also expanding its workforce by creating numerous job opportunities in AI-related fields. The company believes that AI will play a crucial role in enhancing user experiences and driving business growth in the future.

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