Alibaba Pledges 'Aggressive' Investment in AI

MT Newswires Live

02/21

Alibaba Group Holding (BABA) CEO Eddie Yongming Wu said Thursday in its Q4 earnings call that the company would invest "aggressively" in artificial intelligence.

Shares in the company were up 4.4% premarket from Thursday's closing price of $135.97.

The planned investments, which will include cloud and AI infrastructure, over the next three years would exceed those made over the last decade, according to Wu.

The company's current AI strategy focuses on artificial general intelligence, or a type of AI that aims to mimic human-level thinking, Wu said, but adding that the company plans to launch a deep reasoning model soon.

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