May 20, 2020 / 7:08 AM / 17 days ago

Alibaba group holding to invest 10 billion yuan in artificial intelligent system

SHANGHAI, May 20 (Reuters) - Alibaba Group Holding Ltd will invest 10 billion yuan ($1.41 billion) into an AI (artificial intelligence) and IoT (Internet of Things) system centered around its Tmall Genie smart speaker, the company announced on Wednesday. ($1 = 7.1039 Chinese yuan renminbi) (Reporting by Josh Horwitz, editing by Louise Heavens)

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