Alibaba Group Holding Ltd. has announced the setting up of a dedicated chip subsidiary and is aiming to launch its first self-developed artificial intelligence (AI) inference chip next year which will be used for autonomous driving, smart cities and logistics. The new subsidiary, Pingtouge, will make customized AI chips and embedded processors to support the firm’s push into fast-growing cloud and Internet of Things (IoT) business, said the company at a Wednesday event in Hangzhou. The company plans to release its first indigenous AI …

Alibaba Sets Up Chip Subsidiary Via In-House Merger appeared first on China Money Network.