Reported about 20 hours ago
Alibaba is set to showcase its artificial intelligence strategy in its upcoming quarterly results, mirroring the struggles faced by competitors like Tencent and Baidu in generating substantial revenue from AI investments. Despite significant spending and product rollouts in AI, analysts note that these efforts are failing to resonate with Chinese consumers, who remain hesitant towards paid subscription models. As a result, Alibaba's growth prospects appear limited, particularly as its core e-commerce operations face fierce price competition amid a weak economic landscape.
Source: YAHOO