Alibaba Pours Millions into New Robotics Venture
In a recent development, Alibaba has announced an investment in a robotics startup, with the Chinese humanoid robot developer X Square Robot, based in Shenzhen, being the recipient of this multi-million dollar investment. The news was announced on Monday, and although the exact amount of the investment remains undisclosed, it is said to be significant enough to bolster X Square Robot's development of embodied AI and humanoid robots.
The investment is a testament to Alibaba's continued interest in the AI sector. This move follows Alibaba Cloud leading a funding round of about $100 to $140 million for X Square Robot, a startup founded in 2023. The funding is aimed at accelerating the development of advanced humanoid robots like the Quanta X2.
Meanwhile, the news has positively impacted Alibaba's shares. On Monday, Alibaba's shares rose more than four percent in domestic trading, a clear indication of investor confidence in the company's strategic moves.
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As the world of robotics and AI continues to evolve, it will be interesting to see how this investment shapes the future of humanoid robot development in China and beyond.
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