Alibaba invests in Greek-owned startup

Chinese e-commerce giant Alibaba is betting on the artificial intelligence "assistant" of startup Connectly.ai, as, together with other international investors, it has invested $20 million dollars in the company of Stefanos Loukakos and Yandong Liu.

The main goal of the startup after this investment is to expand further in America and Europe, to strengthen its team - and its base in Greece - but above all to develop AI technology.

"We will continue to train our own AI system. It takes work, capital and good engineers to improve our product. Also, through the cooperation with Alibaba, we are trying to expand all over the world," Stefanos Loukakos, former head of Messenger Business at Facebook, former general manager of Google and former CEO of Hellas Online, tells Kathimerini.

Currently the company, based in San Francisco, has 70 employees, with the intention of...