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    WUKONG

    Alibaba launches AI platform for enterprises as agent craze sweeps China

    Alibaba has launched Wukong, an artificial intelligence platform for businesses. This new tool aims to automate complex tasks like document editing and research. Wukong is entering China's fast-growing AI agent market. The launch follows a surge in interest for AI agent products across the country. Other major tech companies are also introducing similar offerings.

    Alibaba develops next-gen chip for agentic AI, Chinese media says

    The 3.2 GHz server chip, built using open-source RISC-V chip architecture, was billed ⁠as "the highest ⁠performing RISC-V CPU in the world" at a conference hosted by DAMO Academy, Alibaba's research arm, according to the reports.

    Alibaba launches latest agentic AI platform with international unit's Accio Work

    Alibaba is stepping up its global push in agentic AI. Its international commerce division has launched Accio Work, an AI taskforce designed for small and medium-sized businesses. This move comes as China sees a surge in agentic AI trends. Accio Work offers plug-and-play solutions for complex business operations.

    China's Alibaba targets $100B in AI and cloud revenue over 5 years

    Chinese tech giant Alibaba plans to earn over 100 billion dollars from its artificial intelligence and cloud businesses in the next five years. This ambitious goal comes as the company reported a significant profit drop in its latest quarter. Alibaba's cloud business, however, showed strong growth.

    Alibaba pins hopes on AI as quarterly net profit drops

    Net profit plunged 66% to 15.6 billion yuan ($2.2 billion) primarily due to a "decrease in income from operations", the firm said. China's tech titans, including Alibaba, are racing to develop AI agents -- tools that execute real-life tasks such as sending emails or booking flights, touted as the technology's next frontier after text and image generators.

    Alibaba Token Hub to consolidate, boost Group’s AI strategy

    Alibaba Group has launched the Alibaba Token Hub (ATH), an AI-focused business division led by CEO Eddie Wu, consolidating key AI assets like Tongyi Laboratory and Qwen. This strategic shift separates AI operations from its cloud division, signaling a move towards a token-based monetization model for AI agents and digital assistants, with the recent launch of the Wukong platform.

    The Economic Times
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