Alibaba Unveils New AI Product
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 11 April 2023
⏱️ 10 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning, today is Tuesday, April 11th, and I'm your host Julie Morgan. |
| 0:12.0 | Ali Baba is stepping into AI. |
| 0:14.6 | The company revealed a new chat geevt style product at its summit. |
| 0:19.0 | Bitcoin tops $30,000 for the first time since June of 2022. |
| 0:25.0 | And Amazon is starting to make you pay to return. |
| 0:28.0 | The company is charging fees for UPS store returns. |
| 0:32.0 | Our top story. GPS Store returns. |
| 0:32.8 | Our top story. |
| 0:34.2 | Alibaba has revealed that Alibaba Cloud, the Cloud Computing Unit of the Chinese Tech Giant, |
| 0:40.4 | will be rolling out its own chat gBT style product. |
| 0:43.7 | The company made the announcement at its 2023 Alibaba Cloud Summit. |
| 0:48.2 | The move is in line with an announcement made earlier this month. |
| 0:51.6 | The AI-powered technology will have Chinese and English |
| 0:55.4 | language capabilities. However, the company did not reveal a timeline. The CEO of Alibaba |
| 1:01.5 | Group Daniel Zang described this as a technological watershed moment driven by generative AI and cloud computing. |
| 1:09.4 | He went on to say that businesses across all sectors have started to embrace intelligence |
| 1:14.6 | transformation to stay ahead of the game. |
| 1:17.5 | Bitcoin has hit a level not seen since June of 2022. |
| 1:22.3 | If you look at the dedicated BTC USDA page on Seeking Alpha, |
| 1:26.7 | you'll see that Bitcoin is above that $30,000 mark. |
| 1:30.3 | According to Coin Desk, more than 87% of all BTC future trades liquidated in the past 24 hours were short bets with losses from these trades, amounting to $145 million. |
... |
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