China's Alibaba teams up with Nvidia on AI robot tech

Alibaba, which runs some of China's biggest online shopping platforms, said it was teaming up with Nvidia in the field of physical AI. — Reuters

BEIJING: Alibaba announced on Sept 24 a "milestone collaboration" in AI tech with US chip giant Nvidia that the Chinese company said will accelerate its development of humanoid robots.

The news came as Alibaba's shares soared more than nine percent in Hong Kong after chief executive Eddie Wu unveiled plans to further ramp up spending on artificial intelligence.