IT Home reported on May 24 that according to Alibaba's financial report, the company invested a total of approximately US$800 million in artificial intelligence startup Moonshot AI in fiscal year 2024 (IT Home Notesgamecryptonft: Currently approximately RMB 5.9 billion), purchased approximately 36% of the equity, which is a preferred stock investment in the dark side of the month.

Alibaba Group Chairman Cai Chongxin and CEO Wu Yongming wrote in the shareholder letter that the company "regards AI as the most powerful variable in changing and accelerating business growth."

The letter to shareholders stated that in the past 25 years, Ali has experienced continuous growth and some symptoms of "big company disease" have emerged. Next, the company will actively deal with the "big company disease" and maintain its entrepreneurial spirit. "In the next 10 years, we will once again regard ourselves as a start-up company, adhere to the original mission of 'making no difficult business in the world', and continue to innovate with an entrepreneurial spirit. We will uphold long-term doctrine, make choices for today and invest for tomorrow."

The official website of the Dark Side of the Moon shows that the company was founded in March 2023 and is committed to seeking the optimal solution to transform energy into intelligence. Through products and users to create intelligence, it launched the world's first software that supports the input of 200,000 Chinese characters in October 2023. Kimi, a smart assistant product. The core members of the founding team participated in the research and development of many large models such as Google Gemini, Google Bard, Pangu NLP, and Wudao. Many core technologies were adopted by mainstream products such as Google PaLM, Meta LLaMa, and Stable Diffusion.

In fiscal year 2024, Alibaba Group's revenue increased by 8% year-on-year to 9,411gamecryptonft.68 billion yuan. Among them, Taotian Group's revenue was 434.9 billion yuan; Alibaba International Digital Commerce Group's revenue exceeded 100 billion yuan, a year-on-year increase of 46%, and Cainiao Group's revenue increased by 28% year-on-year.

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