Alibaba Says AI Drives Growth in Retail and Cloud Businesses

Alibaba Group saw its offerings in artificial intelligence (AI) drive growth in both its retail and its cloud businesses during the quarter ended Sept. 30.“This quarter, our core business segments maintained steady growth guided by our user-first, AI-driven strategy,” Alibaba Group CEO Eddie Wu said Friday (Nov. 15) during the company’s quarterly earnings call.In its Taobao and Tmall Group, the company saw a steady increase in merchant adoption of its AI-powered marketing tool, Quanzhantui. Alibaba expects ...