jack maFounder of the ecommerce giant, alibaba, made a public appearance in China this Monday the 27th. In the past three years, Ma has rarely been seen in public.
On his official profile WeChat, the school said, “Jack Ma came to Yungu School and discussed the future of education with the campus principals.” The purpose of the entrepreneur’s visit was to discuss “the challenges and opportunities” that “new technological changes pose for entail education”. Ma would have talked about that too Artificial Intelligence (AI)citing the ChatGPTin context within the classroom.
The businessman is worth nearly $33 billion and has kept a low profile since the Chinese government cracked down on the tech sector more than two years ago. Beijing recently indicated it would scale back its attack on the tech sector, but the outlook is still uncertain.
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Confidence in the strategy shift was shaken when Bao Fan, CEO of chinese renaissancedisappeared suddenly in February this year and was later exposed as a collaborator in an investigation by Chinese authorities.
Bao Fan not only “disappeared” in China for a while, but also various other Chinese tycoons since 2015, including Jack Ma. Alibaba’s CEO “disappeared” in November 2020 after criticizing Chinese financial regulators during a speech in Shanghai, and when he reappeared three months later he said the launch of the company’s largest $37 billion initial public offering (IPO) was launched company. ant groupthe finance arm of Alibaba.
Even with less public pressure, Beijing has tightened its grip on companies, including Alibaba, by acquiring “gold stocks”which allow government officials to intervene directly in their businesses.
In recent years, Ma has reportedly spent time in Hong Kong and Japan, where his friend and Alibaba investor Masa Son, CEO of Alibaba, lives. SoftBank. Additionally, Alibaba has been one of the companies that jumped into the artificial intelligence race and wants to launch its own version of ChatGPT, originally created by OpenAI.