Alibaba

Alibaba-Backed AI Startup Zhipu Aims for IPO by 2025 Amid Growing Market Demand

1 month ago

In a bold move signaling its ambitious growth trajectory, Zhipu AI, an artificial intelligence startup supported by Alibaba, has set its sights on an initial public offering (IPO) as early as 2025. This strategic decision comes as the global AI sector continues to surge, driven by rapid advancements and expanding applications of AI technologies across multiple industries.

Jack Ma Envisions AI as Humanity’s Ally, Not its Overlord

1 month ago

In a recent statement, Jack Ma, the co-founder of Alibaba Group, shared his optimistic perspective on artificial intelligence (AI) and its role in society. Addressing a gathering at the World Artificial Intelligence Conference in Shanghai, Ma emphasized that technology should serve humanity rather than dominate it. This interpretation of AI stands in stark contrast to the prevalent fears surrounding the technology’s potential to disrupt various sectors and the workforce.

Alibaba Enhances Global AI Offerings with Cutting-Edge Qwen Models

1 month ago

In a significant leap forward in artificial intelligence, Alibaba has unveiled upgraded international AI tools featuring the latest Qwen models. This development marks a concerted effort by the tech giant to enhance its competitive edge in AI technologies for a global audience.

Alibaba and BMW Join Forces to Revolutionize AI Technology in Automotive Industry

2 months ago

In a groundbreaking collaboration, Alibaba Group Holdings, a leading Chinese multinational conglomerate focused on e-commerce, technology, and various other sectors, has partnered with Germany's luxury car manufacturer BMW. The alliance aims to develop advanced artificial intelligence (AI) technologies specifically tailored for the automotive market in China, one of the largest auto markets in the world.

Chinese Tech Stocks Dive Over 3% as Correction Approaches

2 months ago

Chinese technology stocks have experienced a significant decline, plummeting more than 3% recently, signaling the possibility of a market correction. This downturn has alarmed investors and analysts alike as the sector, which had been a stronghold in the global market, faces mounting pressures.

Alibaba's Tsai Sounds Alarm on AI Data Center Bubble

2 months ago

Alibaba's Chief Financial Officer, Toby Tsai, has raised concerns over what he perceives as a potential bubble in the artificial intelligence (AI) data center build-out. Speaking at a recent investor conference, Tsai highlighted the rapid expansion of data centers fueled by AI demand and suggested that the prevailing growth trends could be unsustainable.

Alibaba Launches New AI Agent App to Compete in Tech Industry

2 months ago

Alibaba Group has taken a bold step in the rapidly-evolving technology landscape by launching a new AI agent app aimed at enhancing its digital service offerings. This innovative move appears to be part of the company's strategy to stay competitive amidst increasing pressure from both domestic and international rivals.

Alibaba Unveils Groundbreaking Emotional Intelligence AI Model to Compete with ChatGPT

2 months ago

In a significant advancement in artificial intelligence, Alibaba has launched an innovative emotional intelligence model aimed at rivaling the capabilities of popular AI systems such as ChatGPT. This new model, which leverages advanced algorithms and machine learning techniques, is designed to enhance user interaction by recognizing and reacting to emotional cues in conversations, marking a pivotal shift in the landscape of conversational AI.

Alibaba's Stocks Surge Amid Launch of New AI Tool: DeepSeek Contender Unveiled

2 months ago

Alibaba Group Holding Ltd., the Chinese e-commerce powerhouse, has seen a remarkable increase in its stock price, soaring by 7% following the announcement of its latest artificial intelligence innovation, DeepSeek. This substantial rise underscores investors' growing optimism about the company’s advancements in technology as it intensifies its competition with other major players in the AI sector.

Alibaba-Backed Zhipu Secures $140 Million in Funding Amid Surge in AI Competitors

3 months ago

In a significant development for the artificial intelligence sector, Zhipu AI, a company partially backed by tech giant Alibaba, has successfully raised $140 million in its latest funding round. This investment comes at a time when competition amongst AI startups is intensifying, particularly in the wake of advancements made by companies like DeepMind and OpenAI.