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Story summary
- Alibaba Group restructures its Artificial Intelligence (AI) and cloud divisions to boost efficiency and accelerate growth.
- Eddie Wu, CEO, centralizes AI leadership and forms a technology committee.
- Zhou Jingren, former Chief Technology Officer (CTO), becomes chief AI architect.
- Analysts expect cloud revenue to grow 40% in the March quarter.
- Alibaba aims to generate over $100 billion annually from cloud and AI within five years.
