Alibaba, Standard Chartered partner to accelerate AI adoption in banking sector

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Alibaba Group Holding and Standard Chartered have entered a deal in which the Chinese technology giant’s artificial intelligence systems would be deployed across the operations of the British multinational bank.The two companies signed a memorandum of understanding that would see Standard Chartered leverage solutions from Alibaba Cloud – the Hangzhou-based firm’s AI and cloud computing services arm – to enhance operational efficiency and elevate customer experience, according to a statement on...