(Bloomberg) – Chief Executive Officer of Alibaba Group Holding Limited said that the pursuit of Artificial General Intelligence is now the “primary objective” of the company.
“Our first and most important goal is to pursue AGI,” Eddie Wu told investors on a call that the analyst crossed the estimates after the company’s results report. “We want to continue to develop models that expand the boundaries of intelligence.”
The Chinese technology company created an empire out of e-commerce, and still counts the business that includes services such as Aliexpress and Taobao-as the origin of its operations. But Wu’s comments indicated how AI has become impressive throughout the region, especially in the lower cost model of the lampsac in the light of frenzy.
Their reference to AGI – powerful, imaginary AI system that can follow or match human thinking abilities – is striking in the context of the traditional business of Alibaba. It came with the announcement of Alibaba as an AI company. “We want to push those boundaries out to create more and more opportunities,” Wu said.
After the company’s earnings, Alibaba’s US stocks increased by 11% in premaraket trading.
Revenue in the company’s cloud business increased 13% in the previous quarter from a period before one year, the fastest in two years. AI-related products and officials helped with the growth of triple-contingles and the authorities postponed more to arrive.
“The AI era presents a clear and massive demand for the infrastructure,” Wu said. Alibaba’s planned investment in Cloud and AI Infrastructure over the next three years is “set to cross what we have spent in the last decade.”
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