Alibaba aims to grow in the smart speaker industry with its artificial intelligence investment. It is stated that an investment of 1.4 billion dollars will be made for this.
Alibaba will grow with artificial intelligence
Smart home technologies continue to be among the main focus points of the consumers with the conveniences they provide. With the increase in demand, competition in this sector is also growing.
As one of the most important players in the smart speaker market, Alibaba aims to stand out in the competition of Xiaomi and Baidu in this industry. Continuing its investments, Alibaba will invest $ 1.4 billion to develop artificial intelligence work for smart speakers. With this investment, Tmall Genie will become more equipped.
With the works to be carried out within the scope of the investment, Tmall Genie will have special technologies as well as more content. This smart speaker of Alibaba can perform different tasks from providing weather information to ordering products.
Investments are expected to take Alibaba one step ahead of the competition. According to data shared by Canalys, Alibaba shipped 16.8 million smart speakers last year, while Baidu shipped 17.3 million.