Here’s why Alibaba is the ultimate AI play, according to investor Scott Nations

CNBC

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Alibaba will be the big winner when it comes to AI in China, says Wedbush's Dan Ives

Dan Ives, Wedbush Securities global head of technology research and senior equity analyst, joins 'Squawk Box' to discuss Alibaba's quarterly earnings results, the company's AI-related products, impact of its partnership with Apple, and more.

Bloomberg

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Alibaba CEO Wu Says AGI Is Now Company’s ‘Primary Objective’

Alibaba Group Holding Ltd.’s chief executive officer said the pursuit of artificial general intelligence is now the company’s “primary objective.”

eweek.com

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Alibaba Commits to AGI, Making AI “The World’s Largest Industry”

Chinese retail giant Alibaba Group Holding has seen its AI-related cloud product business grow so sharply that it declared hyper-advanced machine intelligence a top priority. On February 21, the company posted triple year-over-year growth with strong momentum going forward, and Alibaba stock increased by 12% in American markets. “Looking ahead, revenue growth at Cloud Intelligence Group driven by AI will continue to accelerate,” Alibaba Group CE…

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Alibaba CEO Eddie Wu calls the pursuit of AGI the company's “primary objective”, saying “our first and foremost goal is to pursue AGI”

PYMNTS.com

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Alibaba Ramps Up AI Spending in Pursuit of AGI

In the next three years, Alibaba will spend more on artificial intelligence (AI) than it has in the last decade. AI played a key role in the Chinese conglomerate’s earnings call Thursday (Feb. 20), with management saying the company’s AI investments are based on the primary goal of achieving artificial general intelligence (AGI). The company’s stock soared following the report, which showed revenues up 8% year over year. “We aim to continue to d…