Chinese tech giant Alibaba Group has unveiled its first AI inference chip developed by T-Head under the Alibaba DAMO Academy, an initiative it says will accelerate the speed of machine learning tasks – and lead technology development and scientific research.

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The total global transaction value of online payments for digital and physical goods will exceed US$6 trillion by 2024 – a growth of 53% from 2019, according to a new research report.

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Australian brands and Australian products will be live-streamed to millions of Chinese consumers via Chinese opinion leader Lia Baby at Alibaba Group’s annual eCommerce Expo which has kicked off in Sydney with the aim of connecting Australian and New Zealand businesses with new export markets in China.

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