Welcome to Extreme Investor Network, where we provide you with the latest and most valuable information in the world of finance. Today, we are excited to share with you the groundbreaking news from Chinese e-commerce giant Alibaba.
Alibaba has recently unveiled an innovative artificial intelligence-powered search engine called Accio. This cutting-edge tool is designed to help small businesses in Europe and the Americas source supplies more efficiently. With the power of AI technology similar to ChatGPT, Accio has shown to increase purchase intent by 40% compared to traditional search engines.
The name Accio is inspired by the spell used in the Harry Potter series for summoning objects, and the tool currently supports multiple languages including English, German, French, Portuguese, and Spanish. With just a few text or image prompts, businesses can use Accio to find wholesale products, including detailed analysis on consumer popularity and projected profit.
One exciting example showcased the tool assisting a sports entrepreneur in building a line of pickleball products. Accio provides a list of procurement options for businesses to discuss directly with suppliers, streamlining the sourcing process.
Accio utilizes generative AI technology from Alibaba’s Tongyi Qianwen large language model, incorporating data from 50 million businesses on Alibaba International’s platform. The tool accesses 1 billion product listings and industry documents from over 100 markets on Alibaba.com, catering to businesses in Europe and North America as the largest group of buyers.
In addition to Accio, Alibaba’s international arm has also introduced an updated AI translation tool to help merchants reach customers in other countries. This demonstrates Alibaba’s ongoing commitment to leveraging advanced technology to empower businesses around the globe.
As Alibaba continues to expand its international business offerings, its domestic e-commerce platforms Taobao and Tmall remain key revenue drivers. The company’s focus on integrating AI technology into its platforms highlights the potential for growth and innovation in the e-commerce industry.
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