Alibaba leads $140 million funding round in X Square Robot
Alibaba Group Holding Ltd. co-led the latest funding round in robotics startup X Square Robot, as the Chinese ecommerce company is trying to cement its leadership in emerging technologies.
The Hangzhou-based company has said it plans to spend $53 billion on AI infrastructure over three years in a major pivot. Artificial intelligence advancements promise to usher in a new generation of smarter robotics, and Beijing has made developing that sector a national priority.
