Alibaba is set to roll out a new cloud computing service known as DT PAI.
It seems like that Alibaba Group Holding Ltd. will be launching an artificial intelligence service particularly for the people of China. The company cloud computing part, Aliyun, announced on Tuesday this week that it has established an online platform called as DT PAI that allowed the developers to project the user behavior without writing fresh codes. It gets this by connecting standardized setting and modules targeted parameters right before application development.
DT PAI merges various algorithms which are used by the Chinese company with machine data that is tied with learning techniques. After that, it offers developers with a user friendly drag and drop interface. The latest Al platform involves functions like large scale learning for machine, feature deep learning and engineering. Alibaba had stated that company’s Open Data Processing Service has the ability to manage up to 100 PB of data.
Wei Xiao, senior product manager of Aliyun, said in a press release, "Our goal is to create a one-stop artificial intelligence development, publishing, and sharing platform through data, calculations, and data connections. In the past, the field of artificial intelligence was only open to a very small number of qualified developers and required the use of specialized tools. Such an approach was prone to error and redundancy."
However, Alibaba’s main source of income is still e-commerce and the Chinese giant has been putting lots of money in the cloud computing segment. One month ago, the company had invested around $1 billion in Aliyun with the aim of expanding its occurrence in different geographical locations beyond China like Southeast Asia, United States, and the Middle East. Whereas, cloud computing division of Alibaba is still in its starting phase, it is steadily coming up as a rising star of Alibaba’s ecosystem. The company’s cloud computing revenue increased by 106% and reached $78 million in recent quarter. By maintaining the same growth, cloud computing business of Alibaba can become the largest contributor to its revenue.
This year has brought substantial lows for the company stock. After its record breaking post IPO performance, the stock has been struggling, showing no or little sign of recovery.
Alibaba Group Holding Stock also tumbled further on Tuesday, reaching below its IPO price. While majority of investors are escaping on their investments, some analysts believe that they should consider buying the stock now and with for the stock price to bounce back. Shares plunged over 3% on Tuesday and closed at $65.86.
Baba stock was up 4.17% to $68.54 at market close on Tuesday August 25.
No comments:
Post a Comment