Alibaba.com Introduces New AI-Powered Feature At CES To Boost Efficiency And Growth For SMEs And Entrepreneurs In 2024
Portfolio Pulse from Benzinga Newsdesk
Alibaba.com, part of Alibaba International Digital Commerce Group (AIDC), announced new AI-powered features for its Smart Assistant at CES 2024. These features aim to enhance efficiency and growth for SMEs and entrepreneurs by improving supply chain and sourcing processes. The Instant Help feature, an AI chatbot, will provide real-time insights and industry knowledge. Since September 2023, the Smart Assistant's Upgraded Image Search and Smart RFQ have shown increased deal closing rates and quote responses. Alibaba.com also launched the Entreprenuts campaign to celebrate entrepreneurial spirit and will showcase these innovations at CES. The US has seen a surge in new businesses, but many fail within the first few years, highlighting the importance of Alibaba.com's tools for small business success.
January 09, 2024 | 6:02 pm
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Alibaba.com introduced AI-powered features for its Smart Assistant, aiming to support SMEs and entrepreneurs. The new tools are expected to improve sourcing efficiency and the company has launched the Entreprenuts campaign to further engage with its user base.
The introduction of AI-powered features is likely to be viewed positively by investors as it demonstrates Alibaba's commitment to innovation and support for SMEs, which could lead to increased usage of the platform and potentially higher revenues. The positive reception of the Smart Assistant's earlier features and the launch of the Entreprenuts campaign may also contribute to a favorable perception of the company's growth and market positioning.
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