At CNBC’s CONVERGE LIVE event in Singapore, Alibaba Chairman Joe Tsai discussed artificial intelligence’s sweeping implications for industries like equity research and law. Speaking with David Faber, Tsai explained that AI could potentially replace equity research analysts, capable of producing detailed reports on companies like NVIDIA and Apple. However, he emphasized that AI would enhance, not entirely replace, human judgment in these roles.
Tsai also explored AI’s legal applications, noting its ability to handle complex contract drafting while highlighting that client counsel relies on human judgment. Valuing AI’s market potential at over $10 trillion, Tsai pointed to Alibaba’s strong positioning in AI through its cloud computing and e-commerce advancements, underscored by its recent partnerships and innovative AI models.
