The gains of "ant" supported by Jack will drop 60% to the global expansion

The profits of the quarterly company “Ant Group” fell by 60%, after the Chinese digital payment giant increased its expansion in foreign markets and invested in artificial intelligence to increase its revenue. The digital payment business, based in Hangzhou, contributed 1.5 billion Yuan ($ 216 million) to the profits of “Ali Baba Group Holding”, owning a third of “Ant” shares. This is equivalent to the profits of approximately $ 654.5 million for the three months ending on March 31, according to the “Bloomberg” accounts based on the profit report “Ali baby”. This comes after a previous chapter in which the gains of “ant” fell by 31% annually. The financial results of the company are performed by a separation of “Ali Baby”. Ant withholding comments. See also: The profits of “Ant Group” jump 50 times with Jack Mai returning to the scene “Ant” to reform her business model, “Ant”, the famous “Ali Bay” application in China, while investing in artificial intelligence and other technologies. She reformulated her business model and underwent an organizational restructuring after the Chinese control campaign that followed the cancellation of her first year offering in 2020. Her international arm in Singapore earned $ 3 billion in 2024, which paved the way for a possible preliminary public offer. Investors’ morale versus the technological sector in China in general, after President Xi Jinping met with private sector business people in February, including the employee of the “Ant” Jack Ma. The Chinese billionaire delivered a rare speech in December about the twentieth anniversary of the company, during which he talked about the future of “ant” and the opportunities that artificial intelligence offers. It was abandoned by controlling the company in 2023 and had no position in it. Ant International plans to apply for licenses to issue stable currencies in Singapore and Hong Kong, as well as Luxembourg. The activities include linking digital portfolios in different countries, border-crossing commercial payments, digital lending, as well as treasury and foreign exchange services for businesses. Read more: Jack supports the future efforts of Ant Group in artificial intelligence “Ant” and training of artificial intelligence at group level, “Ant” has developed techniques to train artificial intelligence models using Chinese -made semiconductors, which can reduce the cost by 20%. The company used local chips, including “Ali Baba” and “Huawei Technologies”, to train models through the “mix of experts” style, and achieved similar results for the “invitation” chips. Last year’s unit was established to focus on the development of human robots, and launched a series of artificial intelligence services that include an application for healthcare and payment systems. In 2023, the value of the ‘ant’ shares amounted to approximately $ 79 billion, as opposed to evaluating 280 billion during an attempt to include it on the Shanghai and Hong Kong Stock Exchange in the late 2020. Abandoned previously said that the group first considered the inclusion of its shares in Hong Kong instead of a double inclusion in Shanghai and Hong Kong as planned.