Alibaba's AI Boom: Increase in Money Made and Plans for Future Spending.
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Alibaba, a big online store in China, did really well this year. They made more money than people thought, and their stock went up a lot.
The company's CEO, Eddie Wu, said they will spend a lot of money on new technology. They want to use artificial intelligence (AI) to make their products better.
Alibaba wants to create really smart AI that can learn by itself. They think this technology will change the world a lot.
More and more companies in China and the US are trying to build the best AI. Alibaba is working with Apple to use AI in iPhones sold in China.
After some problems with the government a few years ago, Alibaba is doing better now. The Chinese government is supporting technology companies more, which helps Alibaba.
Questions
How did Alibaba perform this year?
Alibaba did really well this year and made more money than people thought.
What does Alibaba want to use to improve their products?
Alibaba wants to use artificial intelligence (AI) to make their products better.
Who is Alibaba working with to use AI in iPhones?
Alibaba is working with Apple to use AI in iPhones sold in China.
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