Alibaba CEO Wu Says AGI Is Now Company’s ‘Primary Objective’
1 month, 1 week ago

Alibaba CEO Wu Says AGI Is Now Company’s ‘Primary Objective’

Live Mint  

-- Alibaba Group Holding Ltd.’s chief executive officer said the pursuit of artificial general intelligence is now the company’s “primary objective.” “Our first and foremost goal is to pursue AGI,” Eddie Wu told investors on a call after the company reported results that surpassed analyst estimates. “We aim to continue to develop models that extend the boundaries of intelligence.” The Chinese technology company built an empire out of e-commerce, and still counts that business — including services such as AliExpress and Taobao — as the core of its operations. His reference to AGI — powerful, hypothetical AI systems that could emulate or match human thinking capabilities — is striking in the context of Alibaba’s traditional business. Alibaba’s planned investment in cloud and AI infrastructure over the next three years is “set to exceed what we have spent over the past decade.” More stories like this are available on bloomberg.com

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History of this topic

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
1 month, 1 week ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
1 month, 1 week ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

China's Alibaba to invest $50 bn in AI, cloud computing
1 month, 1 week ago

China's Alibaba to invest $50 bn in AI, cloud computing

New Indian Express  

BEIJING: Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Investors have piled into Chinese technology stocks since the start of the year, with Alibaba -- which runs some of the country's biggest …

China’s Alibaba sees revenue surge on back of artificial intelligence, e-commerce
1 month, 1 week ago

China’s Alibaba sees revenue surge on back of artificial intelligence, e-commerce

Associated Press  

HONG KONG — Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China. In an earnings call, Alibaba CEO Eddie Wu said that Alibaba plans to “aggressively invest” in artificial intelligence and cloud computing infrastructure in the coming three years, with …

Artificial general intelligence could arrive much earlier than predicted, says SoftBank CEO Masayoshi Son
Trending News
1 month, 4 weeks ago

Artificial general intelligence could arrive much earlier than predicted, says SoftBank CEO Masayoshi Son

India Today  

The anticipation of the arrival of artificial general intelligence has been growing steadily. While OpenAI CEO Sam Altman recently said that AGI is just Twitter hype, his business partner, SoftBank CEO Masayoshi Son, has said that AGI will arrive much sooner than he predicted. Meanwhile, OpenAI CEO Sam Altman, in a recent post on X, said that AGI is just …

Sam Altman shuts down rumours of OpenAI achieving AGI, asks users to 'cut expectations'
2 months, 1 week ago

Sam Altman shuts down rumours of OpenAI achieving AGI, asks users to 'cut expectations'

Firstpost  

Altman stated that AGI is not something OpenAI is ready to release anytime soon. He emphasised that the hype on social media had gotten out of hand and assured users that while OpenAI had exciting developments underway, AGI was not in the near future Although AGI is not in the immediate future, OpenAI is working on developing AI agents. In …

Microsoft CEO Satya Nadella on AI agents: ‘Humans and swarms of AI agents will be the next frontier’
2 months, 3 weeks ago

Microsoft CEO Satya Nadella on AI agents: ‘Humans and swarms of AI agents will be the next frontier’

The Hindu  

Humans and swarms of agents will be working together where AI agents will act as digital workers, orchestrating tasks across multiple systems to improve operational efficiency, Microsoft CEO Satya Nadella said during a CEO Connect session, ahead of Microsoft AI Tour event in Bengaluru. In a fireside chat with Infosys co-founder Nandan Nilekani, Mr. Nadella noted that creating AI agents …

AI technology injects new momentum into e-commerce
6 months, 2 weeks ago

AI technology injects new momentum into e-commerce

China Daily  

Visitors experience VR gaming devices during the 2024 China International Fair for Trade in Services in the Cultural & Tourism Service thematic exhibition area at the Shougang Park in Beijing, Sept 16, 2024. The digital livestreamer named Yanxi has completed over 400,000 hours of livestreaming for more than 5,000 brands, attracting at least 100 million views, said a staff member …

Alibaba leans into AI to draw shoppers beyond China
8 months, 2 weeks ago

Alibaba leans into AI to draw shoppers beyond China

Live Mint  

SINGAPORE—China’s e-commerce juggernaut Alibaba Group is reigniting a yearslong effort to expand overseas as it seeks to offset a weakened grip on online retail at home. Alibaba’s family of generative AI models and new teams focused on AI applications are beginning to support the company’s drive to expand well beyond China, including by helping small sellers overcome language barriers and …

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’
11 months, 3 weeks ago

Sundar Pichai shares Google's AI plan to beat Amazon, Microsoft: ‘Incredible opportunity’

Hindustan Times  

Google CEO Sundar Pichai said that in the fourth quarter of 2023 Google Cloud was at a $36 billion annual revenue run rate. At the Google Cloud Next event, Sundar Pichai said that Google Cloud is showing progress owing to deep investments that the company has made in Artificial Intelligence. Google and Alphabet Inc. CEO Sundar Pichai talked about the …

Experts: AI will boost stock market
1 year ago

Experts: AI will boost stock market

China Daily  

A view of the booth of Nvidia during an expo in Hangzhou, Zhejiang province. The global artificial intelligence surge, both technologically and investment-wise, combined with China's emphasis on new quality productive forces, will boost AI-related A-share performance, which in turn will drive up associated indexes this year, said experts. Zhang Yidong, chief global strategist at Industrial Securities, said the global …

Mark Zuckerberg aims to create super-intelligent AI (AGI): What's the big idea?
1 year, 2 months ago

Mark Zuckerberg aims to create super-intelligent AI (AGI): What's the big idea?

India TV News  

Mark Zuckerberg aims to create super-intelligent AI : What's the big idea? Meta CEO Mark Zuckerberg plans to create super-smart AI called "Artificial General Intelligence" and share it with everyone. Meta CEO Mark Zuckerberg wants to make something called "Artificial General Intelligence". Mark Zuckerberg's Idea Meta is doing some big things with AI.

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
1 year, 4 months ago

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Live Mint  

SINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite. The restrictions “may materially and adversely affect" the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s growth. Tencent had stockpiled chips including Nvidia’s H800—developed especially for the Chinese market …

Betting Big: Why is Amazon investing $4 billion in Anthropic, a fledgling AI startup
1 year, 6 months ago

Betting Big: Why is Amazon investing $4 billion in Anthropic, a fledgling AI startup

Firstpost  

Amazon is investing heavily in AI and is investing over $4 billion in Anthropic. Last year, Google had invested about $300 million in Anthropic Amazon is making a substantial move into the world of artificial intelligence by investing up to $4 billion in Anthropic, an AI startup. As part of this partnership, Anthropic will leverage Amazon’s cloud computing platform and …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 6 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Associated Press  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Analytics, AI, IoT help transform industries
5 years, 8 months ago

Analytics, AI, IoT help transform industries

Live Mint  

Last November, at the company’s Future Decoded event in London, Microsoft chief executive officer Satya Nadella insisted that every organization should embrace “tech intensity" to be successful in today’s digital age, which means companies should not only be fast-adopters of technology but also build their own digital capabilities. Narayana Health uses Microsoft’s data analytics and AI in its healthcare business …

Alibaba cloud unit sets sights on Amazon in $1 billion global push
9 years, 8 months ago

Alibaba cloud unit sets sights on Amazon in $1 billion global push

China Daily  

The logo of Aliyun, Alibaba Group Holding Ltd's cloud computing arm, in Beijing. China's Alibaba Group Holding Ltd said on Wednesday it would invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com Inc's lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. Simon Hu, the president of Aliyun and former …

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