May 20 - 10:05
48D
Alibaba to invest $1.4 billion in AI and IoT ecosystem
Alibaba will invest $1.4 billion into improving the tech around its Tmall Genie smart speaker. It will develop proprietary technology using AI and IoT in order to enhance voice and visual interactions between the speaker and users. Alibaba will also add more content to Tmall Genie. Amazon's Echo, the biggest-selling smart speaker in the world, is not available on the Chinese market.
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