Alibaba is set to invest aggressively in AI, with a focus on achieving artificial general intelligence, as CEO Eddie Wu announced plans to surpass decade-long AI investments within the next three years. The company’s Q4 results showcased an 8% revenue increase driven by e-commerce growth and cloud intelligence success, with highlights including a surge in customer management revenue, adoption of AI-powered marketing tools, and significant growth in the 88VIP program. Despite divesting from physical retail ventures, Alibaba’s e-commerce platforms saw strong growth, with the company betting big on AI with a strategic focus on generative AI and cloud infrastructure investments.
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