Alibaba group holding to invest 10 billion yuan in artificial intelligent system – WHTC News

Original article was published on artificial intelligence

Alibaba group holding to invest 10 billion yuan in artificial intelligent system

by Thomson Reuters

FILE PHOTO – A staff member sits next to smart speaker Tmall Genie during a demonstration to the media inside a room of Alibaba Group’s futu

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)