Chinese Internet mogul Jack Ma has a flair for naming new businesses: Alibaba originates from a character made famous in the One Thousand and One Nights collection of Arabian folk tales; while the company’s R&D arm Damo Academy derives from the name of a Chinese Buddhist monk instrumental in the creation of Shaolin Kung Fu.
Cainiao, the logistics arm of leading Chinese e-commerce platform Alibaba Group, hosted the 2018 Global Smart Logistics Summit (GSLS) in Hangzhou on May 31st. Speaking at the event, Alibaba founder and executive chairman Jack Ma called for tens of billions of US dollars in investment to build a national internet-based intelligent logistics backbone in China.
At the Computing Conference 2018 Shanghai Summit today, Alibaba Cloud announced the launch of its AI program ET Agricultural Brain, a step towards the interactive automation of pig farming, aiming at continuously embedding AI technologies into modern agriculture.
Chinese tech conglomerate Alibaba announced in April that it would launch Alibaba Law School, integrating big data teaching methods with legal education. As we await updates, law programs around the world have already begun re-designing their curriculums to better fit the age of big data and AI.
China’s computer vision company SenseTime today announced it had raised a staggering US$600 million in Series C funding, setting a world record for an AI company and bringing its value to an estimated US$4.5 billion to make it the world’s most valued AI startup.
According to a China Securities Journal report, the China International Capital Corporation (CICC) and China’s largest food processor, manufacturer and trader China National Cereals, Oils and Foodstuffs Corporation (COFCO) are looking to invest US$2 billion (CNY 13 billion) in JD Finance, the fintech spinoff of online retailer JD.com.
I purchased a Tmall Genie X1 — Alibaba’s flagship smart speaker — at the discounted price of US$15 during China’s November 11 “Singles Day” shopping festival. I was given order number 560,000-ish, and received the product a month later. The speaker is regularly priced at US$79, about the same as its American counterpart Google Mini.
Alibaba’s cloud computing division Alibaba Cloud announced today that its AI-powered “ET City Brain” will be deployed in the Malaysian capital Kuala Lumpur in partnership with the Malaysia Digital Economy Corporation (MDEC), the country’s digital economy development agency, and Kuala Lumpur City Hall (DBKL).
CES exhibitors promoted everything from AI-powered vehicles to smart refrigerators and robot puppies. But the tech driving these diverse products was the same: the virtual assistant, a conversational AI that can understand human speech and generate humanlike responses.
On March 29, 2017, during the 2017 YunQi Computing Conference held in Shenzhen, Alibaba Cloud’s Chief Science Officer Dr Jingren Zhou officially launched the updated version of its machine learning platform “PAI 2.0”, intending to drastically reduce the technical threshold and development cost for AI.