This article is about two big technology companies in China, called Alibaba and Tencent. These companies are starting to spend more money on businesses that work on artificial intelligence, or AI for short. AI is a way for computers to learn and make decisions like humans do. Alibaba and Tencent want to invest in AI businesses because they think it will help them make more money and be better at what they do. Read from source...

- The use of AI by tech giants such as Alibaba and Tencent has been shown to increase profitability and expand market influence.
- Despite regulatory challenges, the impact of the COVID-19 pandemic, and a slowing Chinese economy, both companies have identified AI as a strategic priority.
- Investing in leading AI startups will help tech giants to grasp the opportunities offered by generative AI.
- Alibaba and Tencent have been instrumental in the growth of six Chinese AI startups, each valued at over $1 billion.
- Asian startups are challenging the dominance of NVIDIA Corp. in the AI chip market by developing more energy-efficient and cost-Effective chips for specific AI applications.
- SoftBank Group recently acquired UK-based chipmaker Graphcore to bolster its AI capabilities, highlighting the growing importance of AI infrastructure, including semiconductors and systems, in the tech industry.