genai / news / / Barchart
Chinese e-commerce giant Alibaba (BABA) recently released the beta version of its AI model, which it calls Happy Horse.
Alibaba's Happy Horse AI model achieved top ratings in text-to-video and image-to-video generation.
KEY POINTS
- Alibaba is reportedly in talks to invest in Chinese AI-model maker DeepSeek, known for cost-effective AI.
- Alibaba's Cloud Intelligence Unit revenue jumped 36% year-over-year to $6.19 billion in the December quarter.
- E-commerce Customer Management Revenue increased only 1% year-over-year, indicating stagnation in core business.
- The U.S.-Iran war is negatively impacting China's economy, further threatening Alibaba's e-commerce outlook.
COMPANIES
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