15 AI News That Broke The Internet

Page 9 of 14

6. Alibaba Group Holding Limited (NYSE:BABA)

Market Capitalization: $215 billion

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese multinational technology company that provides technology infrastructure and marketing reach for its users and customers. It is a heavy user of artificial intelligence in its e-commerce business, having recently launched more than a hundred new AI models as part of its AI push.

On Tuesday, November 12, Alibaba Group Holding Limited (NYSE:BABA) revealed an artificial intelligence-powered assistant called “Accio”, after the famous spell used in the Harry Potter series for summoning objects. The search engine aims to help businesses in Europe and America in sourcing supplies, leveraging ChatGPT-like technology in an attempt to increase sales. Businesses can use the tool, with the help of text or image prompts, to find wholesale products, and even assess data such as projected profit and consumer popularity. The tool includes 1 billion product listings and documents covering industries across more than 100 markets from Alibaba.com, the company’s B2B platform.

Page 9 of 14