“According to eMarketer, retail eCommerce sales in China will increase from $1.52 trillion in 2018 to $4.10 trillion by 2023. Therefore, it is entirely likely that JD.com will continue to witness 20% plus top-line growth in the next 3-5 years. Drone deliveries will enable eCommerce to reach relatively remote areas. Approximately 577 million people still…
Tag: china
Alibaba has a new AI chip for its ecommerce platform
“Alibaba Group Holding has revealed its own home-grown high-performance AI inference chip, a neural processing unit (NPU) named Hanguang 800, as it pushes further into the field of artificial intelligence and seeks to make its ecommerce platform more efficient.” https://www.abacusnews.com/tech/alibaba-has-new-ai-chip-its-ecommerce-platform/article/3030325
Executives Say $1 Billion for AI Research Isn’t Enough
“The U.S. government should do more to maintain the country’s status as a leader in AI, said Anthony Robbins, Nvidia’s vice president for the North American public sector. Washington needs to boost its AI training programs and figure out a way to compete for AI talent with startups and technology companies that pay more, he…
China adds Huawei, Hikvision to team spearheading country’s AI efforts
“China now has a total of 15 national AI champions since it started this initiative in 2017. Beijing named its first batch of national AI champions in 2017. These include: Baidu for autonomous driving Alibaba Group Holding for smart city initiatives Tencent Holdings for computer vision in medical diagnosis iFlyTek for speech recognition SenseTime was…
Philips partners with JD for Chinese retail AI initiative
“Health technology firm Philips has partnered with Chinese eCommerce firm JD for an AI-driven retail solution to maximize the performance of Philips’ flagship store in China. JD will leverage its AI technology to provide a comprehensive suite of solutions, including user portrait analysis, user behaviour analysis and user motivation analysis. JD will assist in business…