On May 23, Alibaba Group released its 2024 annual report. In the first co-signed letter to shareholders, Cai Chongxin and Wu Yongming said that for the future, Alibaba will continue to invest in two major areas: one is to accelerate the growth of its core business, and the other is to maintain leadership in basic technology and innovation, including AI. The letter stated that Alibaba, as a technology explorer, hopes to explore the broad prospects of general artificial intelligence (AGI) and will continue to invest to break through the limits of machine intelligence; as a cloud computing provider, Alibaba hopes to take on the computing power demand brought about by the explosion of big models and bring direct positive growth to cloud computing; as Alibaba, which has rich application scenarios, it is hoped that these scenarios and applications can achieve drastic changes through AI. “We are excited about the infinite possibilities of AI driving the 'user first' strategy.”