Chinese e-commerce giant will use the funds to bolster its artificial intelligence and Internet of Things ecosystem that supports Tmall Genie, including linking more content and services from Alibaba's wider ecosystem that spans entertainment, healthcare, and education.
Alibaba plans to invest 10 billion yuan ($1.15 billion) to boost the artificial intelligence (AI) and Internet of Things (IoT) ecosystem that supports its smart speaker, Tmall Genie. Such efforts will include integrating Alipay mini-apps as well as more content and services from Alibaba's wider ecosystem that spans entertainment, healthcare, online shopping, and education.
The Chinese e-commerce giant added that it planned to develop proprietary AI and IoT technologies to enhance natural voice and visual interactions between the smart speaker and consumers. This development work would be carried out alongside its cloud and R&D unit, Alibaba Cloud and Alibaba DAMO Academy, respectively.
From July 1, mini-apps currently running on its mobile payment platform Alipay will be integrated with Tmall Genie, Alibaba said in a statement Wednesday, In addition, its live streaming service featuring merchants on its Taobao online marketplace can be viewed on the smart speaker's screen.
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