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Meta Snatches Three Top OpenAI Researchers

Mark Zuckerberg, CEO of Meta, has hired three researchers from OpenAI to bolster his company’s work on artificial intelligence. This strategic move aims to guide Meta Platforms through its current AI challenges. The social-media corporation brought aboard Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai, all of whom previously held positions at OpenAI’s branch in Zurich, as per sources privy to this information. These individuals established OpenAI’s location in Zurich towards the end of last year. Prior to their time at OpenAI, they collaborated closely within Google DeepMind, which is the organization’s artificial intelligence division. A representative from OpenAI verified that the three scientists have departed from the organization. Zuckerberg has been on an intense recruiting drive To correct the company’s AI initiatives following the underwhelming reception of its most recent model, he has sometimes proposed giving researchers up to $100 million to become part o...

Alibaba Unites Food Delivery, Travel Agency Platforms With E-Commerce Giant

As part of a "strategic enhancement" and to expand its "customer experience," Alibaba ( NYSE: BABA It plans to merge its online travel agency and food delivery platform into an e-commerce group to leverage its artificial intelligence goals.

The restructuring “marks a strategic upgrade from an e-commerce platform to a comprehensive consumer platform. Moving forward, we will increasingly optimize our business models and organizational structures from the user’s perspective to create richer, higher-quality consumer experiences,” Alibaba CEO Eddie Wu said in a letter to employees quoted by media sources.

After merging Ele.me with Fliggy, leaders from both teams will now report directly to the executive overseeing Alibaba’s broader e-commerce division. This division encompasses Tmall, Taobao, as well as the firm’s global e-commerce operations.

According to the South China Morning Post Alibaba's Ele.me provides delivery services for items spanning from food to apparel to electronics available on the Taobao marketplace. In just the initial seven days following its debut in late April, Ele.me achieved 10 million daily orders, which has now surged to around 60 million per day. This growth highlights the company's ability to leverage the trendiness of "quick purchases" within China effectively.

Alibaba ( NYSE: BABA The shares have increased by 33% since the start of the year, compared to a 1.5% increase for the S&P 500.

More on Alibaba

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  • Significantly Undervalued, This Cloud and AI Leader, Alibaba, is a Buying Opportunity
  • JD.com: Undiscovered Potential Amid Uncertain Conditions
  • Alibaba Cloud plans to launch its second data center in South Korea by the end of June, according to reports.
  • Alibaba-supported MiniMax considering potential Hong Kong initial public offering - report
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