alibaba Archive

alibabaAlibaba Robotic car vending machine is 5 stories tall

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Chinese e-commerce giant Alibaba Group and US carmaker Ford have unveiled an unstaffed car vending machine that is 5 stories tall in China’s southern city Guangzhou. The machine stands about five-storeys tall and contains 42 cars, of various models, including …

alibabaAlibaba and Microsoft Artificial Intelligence read better than Humans

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Alibaba has developed an artificial intelligence model that scored better than humans in a Stanford University reading and comprehension test. Alibaba asked the AI to provide exact answers to more than 100,000 questions comprising a quiz that’s considered one of …

alibabaCracking General Intelligence for competitive advantage leveraging hundreds of billions in research over next few years

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In 2017,companies globally have completed around $21.3 billion in mergers and acquisitions related to AI, according to PitchBook, a data provider, or around 26 times more than in 2015. Alphabet (Google’s parent), Amazon, Apple, Facebook, IBM, Microsoft, Baidu, Alibaba, Tencent …

alibabaAlibaba starts $1.5 billion anti-poverty fund

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Alibaba Group on Friday launched a 10 billion yuan (US$1.51 billion) fund to support China’s ambitious poverty alleviation campaign. The Alibaba Poverty Relief Fund will have the $1.51 billion donated over the next five years. China has already lifted more …

alibabaAmazon, Alibaba and Tencent could make ultimate cryptocurrencies

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Many believe that Bitcoin with a price over $10,000 and a market valuation of $176 billion are unstoppable and will remain the dominant cryptocurrency. In the past there were other products and companies who were commonly believed to be insurmountable …

alibabaAlibaba’s Single Day sales 5 times US Black Friday+ Cyber Monday

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Alibaba Group Holding Limited (NYSE:BABA) announced that US$25.3 billion (RMB168.2 billion) of gross merchandise volume (GMV) was settled through Alipay on November 11, 2017, (Single’s Day) an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for …

alibabaIs funding surge a sign of impending breakthroughs in AI and Quantum Computing ?

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Information and communication technology (ICT) has been the largest and strongest R and D industry sector. Artificial intelligence (AI), quantum computing, machine learning, and deep learning have been hot for a few years but the past few months there has …

alibabaAlibaba will open its first physical mall in China

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A five-floor mall is being built near Alibaba’s headquarters in the eastern Chinese city of Hangzhou, according to financial news site Caixin. The Alibaba shopping center reportedly will be called “More Mall” and is set to open in April. The …

alibabaApple and Tech dominate top companies by market valuation lists

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Apple now has a valuation of over $800 billion. It is the most valuable publicly traded company. Google is at $649 billion. Microsoft is at $531 billion. Amazon is at $448 billion Facebook is at $434 billion. Berkshire Hathaway is …