Lingotto Innovation

Headlines · 1

1. Oct 7
   Alibaba's Joe Tsai: open source is Europe's only path to AI independence

   Alibaba chairman Joe Tsai said at the Wave by Vento event in Turin that open-source AI is the only way for Europe to achieve technology independence and "AI sovereignty," urging the region to build its own computing infrastructure to train and run models. He said Alibaba narrowed itself in 2023 to two businesses — e-commerce and "full-stack" AI — and uses about $25bn a year of e-commerce free cash flow to fund the AI push, doubling computing-infrastructure capex each of the past three years. Tsai also estimated US hyperscalers will invest roughly $1tn this year, a scale China cannot match, though China accounts for about 30% of global industrial production, giving it valuable factory data and EV, battery and robotics supply chains.

   Bloomberg Technology · 🔥 0

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