15 AI News That Broke The Internet

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4. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 115

Alibaba Group Holding Limited (NYSE:BABA) is an online retailer that leverages AI in its e-commerce business. On December 3rd, the South China Morning Post revealed that the cloud computing and artificial intelligence (AI) arm of Alibaba Group Holding is collaborating with local partners to expand its services in Indonesia, Thailand, and Japan. The move comes as the company prioritizes markets in East and Southeast Asia in an overseas push.

The “Alibaba Cloud Partner Rainforest Plan” aims to work with 100 ecosystem partners next year to develop and provide cutting-edge AI and cloud computing solutions for businesses across various industries around the world. Alibaba Cloud has launched three programs under the plan: an AI Alliance Accelerator to build a robust partner ecosystem, a Service Partner Program for partner upskilling, and an Incentive Program to drive revenue growth.

Under these projects, Alibaba Cloud plans to build an AI partner ecosystem through collaboration with “50 AI technology partners and 50 channel partners” in 2025, focuses on upskilling existing service partners with targeted training, and helps partners grow revenue.

“We are committed to supporting our global partners to jointly reap the benefits of the AI era and meet the diverse business demand of global customers”.

-Selina Yuan, president of international business at Alibaba Cloud, at the company’s partner summit held in Bali, Indonesia on Tuesday

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