Alibaba’s (NYSE:BABA) cloud computing unit signed an expanded partnership on Tuesday with technology firm Bosch to boost the use of artificial intelligence and cloud computing via Bosch’s services.
“This partnership with Bosch demonstrates our commitment to empowering global businesses with world-class technologies and highlights Alibaba’s strengths in AI and cloud computing,” said Joe Tsai, Chairman of Alibaba Group in a statement. “Bosch’s leading expertise in advanced automotive solutions and household appliances, combined with Alibaba’s innovations in cloud, AI and e-commerce, will enable both our companies to bring compelling value propositions to customers worldwide.”
“Our partnership opens up exciting opportunities for both Bosch and Alibaba to expand our offerings in the global market,” Dr. Tanja Rückert, Bosch’s Chief Digital Officer added. “By joining forces, we combine Alibaba’s advanced cloud infrastructure, AI capabilities and e-commerce market reach with Bosch’s deep technological expertise in mobility, industrial technology and consumer goods to drive greater efficiency and innovation worldwide. AI has been an innovation booster for Bosch across all business sectors, and cooperation with strong partners like Alibaba is essential for Bosch to realizing its full potential and creating greater value.”
