Jack Ma-Backed Ant’s Profit Grew 10% After AI, Global Expansion
PositiveArtificial Intelligence

- Ant Group Co., backed by Jack Ma, reported a 10% increase in quarterly profit, attributed to enhancements in artificial intelligence capabilities, including AI models, humanoid robots, and healthcare innovations.
- This growth is significant for Ant Group as it reflects the company's successful integration of AI technologies, positioning it favorably within the competitive digital payments landscape in China and beyond.
- The positive performance of Ant Group comes amid a broader surge in AI investments globally, raising discussions about the sustainability of such growth and concerns over a potential market bubble, as companies across various sectors ramp up their AI initiatives.
— via World Pulse Now AI Editorial System







