Alibaba Group, the Chinese multinational conglomerate specializing in e-commerce, is reportedly testing its artificial intelligence (AI) chatbot, joining the ongoing AI chatbot frenzy in 2023. The e-commerce giant has become one of the latest tech companies to invest in developing its own generative AI chatbot, which can perform a variety of tasks, including human-like conversations, email writing, programming codes, and generic investment advice.
The AI chatbot market is attracting significant attention and investment from tech companies. Microsoft recently invested an additional $10 billion into OpenAI, the creator of ChatGPT, after an initial $1 billion investment in 2019. Google parent Alphabet has also announced the launch of its own AI chatbot, Bard, and Chinese search engine giant Baidu is also making strides in the AI landscape.
The positive sentiment in the AI market has also been reflected in stock performance. Companies that have embraced ChatGPT and other AI technologies, such as AI provider C3.ai and Buzzfeed, have seen significant growth in their stock value, according to Business Insider.
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