ANN/CHINA DAILY – Rapidly developing artificial intelligence technology has the potential to revolutionize various industries and strongly support sustainable business growth for China's leading technology companies, industry experts say. Masu.
Furthermore, by leveraging generative AI technology, companies can develop new business models, products, and services that meet rapidly changing market demands, accelerate integration with broader sectors, and transform and upgrade traditional industries. It is expected to promote this, it added.
Their comments come as Chinese tech giant Alibaba Group Holding reported last Tuesday that revenue from its cloud computing business rose 3% year-on-year to 25.6 billion yuan in the January-March period. It was received and announced.
Its core public cloud products recorded double-digit revenue growth, and AI-related revenue continued to record triple-digit year-over-year expansion with accelerated growth.
Alibaba Group CEO Wu Yongming said in an earnings call with investors that this wave of generative AI-driven innovation is in the early stages of development, and customer demand for AI has increased rapidly since the beginning of this year. He said he is doing so.
Alibaba is actively investing in its cloud computing products, especially AI infrastructure, to seize significant opportunities, and will continue to focus on executing a user-first and AI-driven strategy, Wu said. Told.
Alibaba said AI-related revenue was generated from a variety of sectors, including basic model companies and internet companies, as well as customers in industries such as financial services and automobiles.
“Going forward, much of the incremental growth we can expect in cloud businesses will be related to the investments our customers are making in AI,” Wu added.
The company recently reduced the prices of more than 100 core public cloud products in the Chinese market. Since its debut a year ago, more than 90,000 companies have adopted his Alibaba Cloud AI-powered large-scale language model Tongyi Qianwen.
Tencent Holdings Ltd said last Tuesday that its online advertising revenue rose 26% year-on-year in the first quarter after upgrading its advertising infrastructure and deploying AI to more accurately target ads on instant messaging platform WeChat. It was announced that the total amount was 26.5 billion yuan.
Jiang Han, senior analyst at market consultancy Pangor, said AI technology is contributing significantly to the growth of Alibaba's cloud computing business.
Jiang said AI technology plays a key role in improving user experience by analyzing customer behavior and interests and providing customized content and recommendations, thereby increasing user engagement and retention. added that it will improve.
He said the technology can also help businesses optimize and adjust their advertising strategies, reduce advertising costs and improve business performance.
Global market research firm International Data Corp. has found that IT departments will feel the impact of AI more than any other industry, as companies race to introduce AI-powered products and services and help customers adopt AI. He said he was deaf.
