Alibaba’s AI Investments in E-Commerce Already Breaking Even, Executive Reports
Alibaba Group’s artificial intelligence investments in its e-commerce business are already generating returns, according to company executives. The Chinese tech giant reportedly achieved a 12% increase in advertising returns during AI testing as it prepares for the Singles’ Day shopping festival.
Alibaba’s AI Spending Already Profitable in E-Commerce
Alibaba Group is already recouping its substantial investments in artificial intelligence within its core e-commerce operations, according to reports from company executives. Vice president Kaifu Zhang, who oversees e-commerce AI applications at the Chinese tech giant, told reporters on Thursday that the company’s AI spending is already breaking even despite market concerns about excessive technology investments.
