Alibaba The great bet on artificial intelligence (AI) could make it one of the largest companies in the world.
It is according to a report Saturday September 20 by CNBC, trace the quarter of the work giant of Chinese technology electronic commerce in ai.
In In the past three years, Alibaba has take part In offers worth more than $ 3.3 billion, including investments in AI Moshot and Minimax model startups has Limx Dynamics robotics startup, the report said,, citing Pitchbook data.
Meanwhile, the company plans to spend 53.42 billion dollars in AI and Cloud infrastructure Over the next three years. More than $ 14 billion has been invested in IA infrastructure and research in the past year, Wei SunSenior analyst at Counterpoint Researchsaid CNBC.
“Alibaba positions itself as a most aggressive AI investor in China,” said Sun. “This level of expenditure is unprecedented among private Chinese companies and competes with the capex trajectories of American technological titans.”
Alibaba could join a small group of American companies in see her market capitalization reach 1 billion of dollars, up its current level less than $ 400 billion, Matthew PetersonDirector Partner at Capital management Petersonsaid to CNBC.
Advertising: scroll to continue
The company announced last month that AI products helped stimulate the growth of two -digit income, affirming in a profits report that Alibaba “launched into a new chapter of entrepreneurship by investing in two strategic consumer and cloud AI +”.
The company’s cloud division has seen income growth of 26% on the otherPut in part by the growing adoption of its customers from AI -related products.
“During the quarter, revenues linked to AI represented more than 20% of the revenues of external customers while the request for AI continued to grow quickly,” said the CEO of the Alibaba group Eddie Wu said on Friday during the quarterly call for the company. “We also note that AI applications are stimulating a large momentum for traditional products, including calculation and storage.”
In other news from AI, Pymnts wrote last week about technology croissant to use B2B applicationslike integration.
“What companies start to see is, hey, there is Real applications where AI can help, ” Ryan Frereexecutive vice-president and general manager B2B at Flywiresaid in a recent interview with Pymnts.
Meanwhile, the Pymnts Intelligence Report “Intelligent expenses: how the AI transforms financial decision -making” have shown that more than 8 in 10 CFOs in large companies already use AI or think about adopting it.
