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Alibaba taps machine learning to digitise Chinese classics

Alibaba taps machine learning to digitise Chinese classics
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Alibaba (NYSE:BABA) - Alibaba Analysts React To Earnings Beat: 'Strong Momentum Despite Increased Competition'

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Alibaba Group Holding Ltd (NYSE: BABA) gained 5% on Wednesday after the company reported some impressive December-quarter earnings numbers on Tuesday.
Alibaba reported adjusted EPS of RMB22.03 ($3.41) on revenue of RMB221.06 billion ($34.22 billion). Both numbers exceeded analyst estimates of RMB20.71 ($3.21) and RMB214.29 billion ($33.17 billion), respectively. Revenue was up 36.9% from a year ago.
Alibaba also reported RMB16.11 billion ($2.49 billion) in cloud computing revenue, up 50% from a year ago. The cloud computing business also turned a profit in the quarter for the very first time.
Alibaba shares got a boost after Bloomberg reported Chinese regulators and Alibaba affiliate Ant Group have agreed to terms to a restructuring plan that could put Ant back on the path to an IPO at some point. Alibaba also announced a new $5 billion debt offering. ....

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Analyse this: AI faster at evaluating contracts than human lawyers in contest

12:30 PM MYT
Sixteen lawyers competed against an AI program based on Alibaba Damo Academy’s Alice deep learning framework. AI found more risks in legal contracts than lawyers by themselves, but the best results come from humans and AI working together. SCMP
When a group of 16 lawyers and law students met in a small auditorium at Zhejiang University’s Guanghua Law School last week, they were facing a unique opponent: an artificial intelligence (AI) program designed by Alibaba Group Holding’s Damo Academy.
In the first competition of its kind in China, humans were pitted against AI on Friday in reviewing contracts, one of the most common tasks conducted at law firms. The AI program passed with flying colours, sending its results within a minute after the competition started, state-owned newspaper ....

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