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Alibaba CEO Elevates AI to Key Priority in Group Revamp Plan
by YourTech Story YourTechStory is all about stories of products, teAlibaba Group Holding Ltd, one of China’s tech giants, is embarking on a strategic transformation that places artificial intelligence (AI) and user experience at the forefront of its priorities.
This bold move comes as the company faces intensified competition and economic challenges in a rapidly evolving market. The newly appointed CEO, Eddie Wu, articulated his vision for the company in a memo to employees, marking a significant shift in Alibaba’s approach. Wu emphasized the need to pivot towards an “AI-first” strategy while remaining mindful of the hundreds of millions of users who contributed to the company’s immense success.
“We will recalibrate our operations around these two core strategies and reshape our business priorities,” Wu stated in his memo. This renewed focus on AI is in response to mounting competition from emerging rivals like ByteDance Ltd in the realm of social media and significant AI investments made by companies like Baidu Inc. Alibaba aims to reinforce its investments in AI-driven tech businesses, internet platforms, and its global commerce network, aligning with the broader trend of Chinese tech companies prioritizing AI.
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Created on Sep 13th 2023 04:56. Viewed 97 times.
