Alibaba Resharpens Focus on AI and eCommerce
SMRTR summary
Alibaba, founded in 1999 as a B2B website, has evolved into China's largest eCommerce company. Now pivoting for the AI era, Alibaba is focusing on eCommerce and cloud computing, divesting non-core businesses like physical retail. The company is infusing AI into all apps and services, developing its own large language models, and open-sourcing smaller versions to drive innovation and cloud infrastructure demand.
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