Alibaba announces A.I. chip unit, new Intel IoT edge partnership | Internet of Business
The new subsidiary will make customised AI chips and embedded processors to support Alibaba’s push into cloud computing and the Internet of Things (IoT).
The company’s aggressive drive to develop its own semiconductors comes as Beijing looks to propel China’s high-tech industries into leadership positions in AI, robotics, and autonomous transport, especially in areas such as healthcare.
A recent report from PwC highlighted the emerging dominance of the services sector in China over the next 20 years, which will lead the adoption of Industry 4.0 technologies. According to that report, China will gain 96 million new jobs by 2037, despite the disruption caused by robotics and AI to the existing job market.