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Jack Ma pushes AI drive in rare speech since Ant crackdown

The Straits Times

|

December 10, 2024

HONG KONG - Chinese billionaire Jack Ma rallied his troops during a speech at Ant Group's 20th anniversary, making a rare appearance after a government crackdown forced the fintech giant to scrap what would have been the world's largest initial public offering (IPO) four years ago.

Jack Ma pushes AI drive in rare speech since Ant crackdown

The co-founder of Ant and affiliate Alibaba Group Holding showed up on Dec 8 to talk about the next 20 years of the fintech company and the opportunities brought on by artificial intelligence (AI), according to a speech transcript seen by Bloomberg.

"We were lucky to capture the opportunities of the internet 20 years ago," Mr Ma said in the speech. "In the future 20 years, AI will bring changes far beyond the imagination, AI will bring on an even greater era."

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