Alibabas Joe Tsai: Xi Jinpings Entrepreneur Réunion feeds business confidence in China

President Xinpings high -level meeting Last month, technological business leaders considerably strengthened the confidence of Chinese companies, inviting Group Alibaba Holding To make substantial investments in artificial intelligence (AI), according to the president of the company and the co -founder Joe Tsai At a conference in Singapore.

I would not underestimate the importance of this event, Tsai said on Wednesday during a rally organized by the American broadcaster CNBC. The message is very, very clear that the government turns to private companies to return and stimulate the economy.

Xis sales symposium in February which included the founder of Alibaba Shake and other managers of large Chinese technological companies such as Tencent holdingas well as start-ups like In depth According to Tsai, has strengthened Alibabas' confidence in its IA investment.

In a demonstration of its commitment to AI, the company recently announced its intention to invest At least 380 billion yuan ($ 52 billion) In Cloud Computing and IA infrastructure over the next three years. This marks the largest IT project in Chinas funded by a single private company.

The expected expenses also exceed Alibabas’s total expenses in AI infrastructure over the past decade and has been half of the initial investment of $ 100 billion in the IA Stargate initiative promoted by the United States.

Alibaba has the South China Morning Post.

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