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0 -0.000299864722681412 -0.000826694724184467 0.0009679843679544 0.00169472418457847 0.00236735307380128 -0.00852998647226808 -0.00578686306929191
Stock impact report

Alibaba teams up with BMW to develop AI for cars in China [Yahoo! Finance Canada]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
(Bloomberg) — Alibaba Group Holding Ltd. ( BABA ) and BMW AG ( BMWKY ) will team up to produce AI for cars in China, as the tech giant looks to monetize its emerging products and the German automaker seeks to catch up to local brands that are dominating the key market. Most Read from Bloomberg BMW will adopt AI cockpit technology from Alibaba-backed Banma for its upcoming models tailored for the Chinese market, the companies said Wednesday in a joint statement. Banma's technology is the product of collaboration with Alibaba's own Qwen model team. Software has become a key differentiator between electric vehicles, particularly in China, where local manufacturers like BYD Co. ( BYDDY BYDDF ) have raced ahead of European carmakers. Volkswagen, Mercedes-Benz Group and BMW have had to seek out tech partnerships from Silicon Valley to China for the tech expertise needed for their next generation of cars to compete. BMW, which relies on China as a major market, saw sales of its name Show less Read more
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