Ant Group enters AI robotics sector to build China’s humanoid workforce
Ant Group, a Chinese fintech giant and affiliate of Alibaba, is entering the humanoid robotics sector, investing in the development of embodied-intelligence technology. This move aligns with a broader trend of Chinese tech companies investing heavily in humanoid robots, driven by the potential for automation in factories and homes.
Ant established Shanghai Mayi Lingbo Technology in late 2023 with a registered capital of 100 million yuan (US$13.7 million) to focus on this R&D. Founder Jack Ma emphasized the importance of embracing AI, predicting its transformative impact in the coming decades, which signals Ant's commitment to this emerging field.
via SCMP Full Text Feed
Ant Group, a Chinese fintech giant and affiliate of Alibaba, is entering the humanoid robotics sector, investing in the development of embodied-intelligence technology. This move aligns with a broader trend of Chinese tech companies investing heavily in humanoid robots, driven by the potential for automation in factories and homes.
Ant established Shanghai Mayi Lingbo Technology in late 2023 with a registered capital of 100 million yuan (US$13.7 million) to focus on this R&D. Founder Jack Ma emphasized the importance of embracing AI, predicting its transformative impact in the coming decades, which signals Ant's commitment to this emerging field.
via SCMP Full Text Feed
