News Summary

• Alibaba co-founder and chairman Joe Tsai says open-source AI is the only way for Europe to become independent in the technology.
• He spoke to founders and investors on Wednesday at Wave by Vento in Turin, in a session titled ‘The Other Side of the Story’ Tsai said Alibaba, founded in 1999, grew very big and lost focus over its first two decades.
• In 2023 it narrowed itself to two businesses: e-commerce and what he called ‘full-stack’ AI.