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Alibaba has become such a pivotal backer of AI start-ups in China that industry insiders have started to joke: “If you want to invest in China AI, just buy Alibaba stock. It’s a China AI ETF,” said one manager at an Alibaba-backed AI start-up.

Alibaba leverages cloud business to become a leading AI investor in China - https://on.ft.com/4beftFa via @FT
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