Reported 28 days ago
Alibaba Chairman Joe Tsai announced the company's plan to restart hiring, citing increased confidence following a meeting between President Xi Jinping and tech entrepreneurs. He expressed caution over the inflated investment numbers in artificial intelligence in the U.S., suggesting the potential onset of a bubble. Despite past challenges in China's economy and the tech sector, Tsai believes that hiring can boost job security and consumer confidence, while Alibaba is set to invest substantially in AI and cloud computing.
Source: YAHOO