Original article was published on artificial intelligence
Alibaba group holding to invest 10 billion yuan in artificial intelligent system
by Thomson Reuters
SHANGHAI (Reuters) – Alibaba Group Holding Ltd will invest 10 billion yuan ($1.41 billion) into an AI (artificial intelligence) and IoT (Internet of Things) system centered around its Tmall Genie smart speaker, the company announced on Wednesday.
($1 = 7.1039 Chinese yuan renminbi)
(Reporting by Josh Horwitz, editing by Louise Heavens)