Alibaba to transform into an open tech platform, says CEO

Alibaba CEO Eddie Wu said on Wednesday that the company aims to become an open tech platform serving the whole of society in the AI era, as AI “becomes the key to innovation breakthroughs in China’s digital economy.” Wu gave a speech at the World Internet Conference in Wuzhen, expressing his expectation for Alibaba to “provide infrastructure for AI innovation and transformation in thousands of industries.” The comments were part of Wu’s first public speech since taking over as chief executive from Daniel Zhang in September, and align with the latest speech from Joe Tsai, Alibaba’s new chairperson, outlining Alibaba Cloud’s goal of transforming artificial intelligence into a major productivity tool. [Read More