Alibaba to invest $1.4bn in AI smart speakers

Original article was published on The World’s Number One Portal for Artificial Intelligence in Business

Echoing Amazon Echo

by Sebastian Moss 21 May 2020

Chinese e-commerce and technology giant Alibaba plans to invest 10 billion yuan ($1.41 billion) into an artificial intelligence and Internet of Things system for its smart speaker range.

The Tmall Genie is somewhat similar to the Amazon Echo and Alexa voice assistant, which is not available in China.

© Alibaba

As long as the genie isn’t voiced by Will Smith

Since launching in 2017, the Tmall Genie has morphed into several products, most recently a 10-inch smart display costing roughly $77.

Using the new warchest, Alibaba plans to invest in the system’s AI-based functionality, as well as create new content, and different physical versions of the speaker.

The service is expected to communicate with an ever-growing list of personal devices, including “refrigerators, robot vacuums, and smart sportswear,” Alibaba said.

But while most comparisons point to Amazon, Alibaba is likely more focused on competing with rivals on its home turf, notably Baidu.

The Chinese search and advertising company sells the popular (and cheap) Xiaodu smart speakers, while its DuerOS voice assistant platform is found in more than 400 million devices, as of July 2019.

According to research firm Canalys, Baidu shipped 17.3 million smart speakers last year, just about topping Alibaba’s 16.8 million.

“We are also partnering with brands to offer our AI and IoT technology, design ideas, and go-to-market advice, so they can be empowered to explore opportunities in the AI and IoT era, and more smart products can be rolled out to the market to enlighten consumers’ daily life, too,” Wei Ku, the head of development at Tmall Genie, said.