Alibaba to invest $1.4b in AI system for smart speakers

Alibaba to invest $1.4b in AI system for smart speakers

REUTERS/Aly Song

Alibaba Group Holding Ltd will invest 10 billion yuan ($1.41 billion) into an AI (artificial intelligence) and IoT (Internet of Things) system centered around its Tmall Genie smart speaker, the company announced on Wednesday.

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