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

• Ant Group Co. reported a 10% increase in quarterly profit, attributed to enhancements in its artificial intelligence capabilities, including AI models, humanoid robots, and healthcare initiatives. This growth reflects the company's strategic focus on leveraging technology to expand its market presence.
• The profit growth is significant for Ant Group, as it underscores the effectiveness of its investments in AI and global expansion efforts, positioning the company favorably in the competitive digital payments landscape, especially amid rising technological advancements.
• This development highlights a broader trend in the technology sector, where companies are increasingly investing in AI to drive growth and innovation. Despite concerns about a potential AI bubble, firms like Ant Group and others in China are demonstrating resilience and adaptability, suggesting a robust future for AI-driven enterprises.

— via World Pulse Now AI Editorial System