CEO of Alibaba tells investors AGI is company’s “primary objective”

The CEO of the Chinese e-commerce company Alibaba is reported to have told investors that the “primary objective” and focus is on artificial general intelligence (AGI).

This comes after the group shared its financial results for the quarter ending in December, with the figures showing huge progress in the ‘user first, AI-driven’ strategies.

Eddie Wu, the chief executive officer of Alibaba Group Holding Ltd, told people on a call: “We aim to continue to develop models that extend the boundaries of intelligence.”

AGI is a category within artificial intelligence, which refers to a machine or software that can match or surpass the cognitive capabilities of humans across a range of cognitive tasks. It’s this that the company is aiming to improve upon going forward, with the company having already released large-scale AI models.

The company created a line-up of large language models called Qwen, with the latest version (Qwen 2.5) having only been unveiled at the end of January.

“We want to keep pushing out those boundaries to create more and more opportunities,” Wu said during the call about Alibaba’s interest in AGI.

The company’s revenue has seen an increase of 8% year-over-year, with many of the other figures looking healthy too.

In the report, Eddie Wu said: “This quarter’s results demonstrated substantial progress in our ‘user first, AI-driven’ strategies and the re-accelerated growth of our core businesses.

“During this quarter, customer management revenue at Taobao and Tmall Group grew 9% as a result of initiatives to enhance user experience and effective monetization.”

While the business is often known for its e-commerce side with products having affordable price tags, Alibaba has also been declared as an AI company due to its involvement in the industry.

“Our Cloud revenue growth reignited to double digits at 13%, with AI-related product revenue achieving triple-digit growth for the sixth consecutive quarter,” said Wu.

“Looking ahead, revenue growth at Cloud Intelligence Group driven by AI will continue to accelerate. We will continue to execute against our strategic priorities in e-commerce and cloud computing, including further investment to drive long-term growth.”

Featured Image: Via Alibaba Group resources

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