Alibaba Gets Home-Province Backing for AI, Digital Economy Plans

Bloomberg2023-07-06

Tech giant’s home province signs strategic pact with companyAlibaba aims to disseminate AI across its business linesChina’s tech giant Alibaba Group Holding Ltd. aims to work with its home province, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1195012424?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-07-06 08:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1195012424","market":"us","top_or_hot":-1,"title":"Alibaba Gets Home-Province Backing for AI, Digital Economy Plans","media":"Bloomberg","content":"<div>\n<p>Tech giant’s home province signs strategic pact with companyAlibaba aims to disseminate AI across its business linesChina’s tech giant Alibaba Group Holding Ltd. aims to work with its home province, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-07-05/alibaba-gets-home-province-backing-for-ai-digital-economy-plans?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Gets Home-Province Backing for AI, Digital Economy Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Gets Home-Province Backing for AI, Digital Economy Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-06 08:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-07-05/alibaba-gets-home-province-backing-for-ai-digital-economy-plans?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech giant’s home province signs strategic pact with companyAlibaba aims to disseminate AI across its business linesChina’s tech giant Alibaba Group Holding Ltd. aims to work with its home province, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-07-05/alibaba-gets-home-province-backing-for-ai-digital-economy-plans?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-07-05/alibaba-gets-home-province-backing-for-ai-digital-economy-plans?srnd=premium-asia","article_id":"1195012424","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195012424","pubTimestamp":1688604758,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Tech giant’s home province signs strategic pact with companyAlibaba aims to disseminate AI across its business linesChina’s tech giant $Alibaba Group Holding Ltd.(BABA)$ aims to work with its home pro","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"translate_title":"阿里巴巴-SW本土支持人工智能，数字经济计划","themeId":"d5a154ad31824bafb78dd4878d009f3e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":1.1,"BABA":1.1},"content_text":"Tech giant’s home province signs strategic pact with companyAlibaba aims to disseminate AI across its business linesChina’s tech giant Alibaba Group Holding Ltd. aims to work with its home province, one of the nation’s wealthiest, to develop artificial intelligence and the digital economy.Zhejiang, a province on China’s eastern seaboard, entered a cooperation agreement with Alibaba, vowing to create a better business environment for platform-economy firms and to encourage innovations in areas including artificial intelligence, according to a report of Securities Times on Wednesday.While the backing for Alibaba came from a provincial, not national, government, a separate statement Wednesday showed that a national regulator backed Zhejiang in taking the lead in trials for platform-economy innovation. That deal was signed between the State Administration for Market Regulation and Zhejiang.The developments suggest official backing for Alibaba’s efforts, against a backdrop in recent years of regulatory moves against the firm. Chinese policymakers have also been steadily calling for innovative advances in digital applications, as part of a broader effort to support economic growth.Alibaba Chief Executive Officer Daniel Zhang, who signed the pact with local government officials, said that the digital economy has entered a new age with artificial intelligence sweeping the world this year, according to the report.Cluster EyedAlibaba is dedicated to building Zhejiang into a world-class digital economy cluster, leveraging its technology platform, Zhang also said.The company is integrating its large language model across its various business lines to improve user experience, under competitive pressure in the wake of OpenAI Inc.’s advances with ChatGPT. Meantime, Zhejiang also said it supports qualified tech companies’ share listings in China and overseas.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":20,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1195012424"}