The founder of Alibaba, Jack Ma, exiled in Japan, resurfaced in a school in Hangzhou, where the headquarters of Alibaba is located, reports the BBC.
The 58-year-old man had been discreet since his criticism of the establishment of financial regulation by the Chinese authorities in 2020. A regulation which had led to the dismantling of Ant Group, the fintech activity of ‘Ali Baba.
During his visit to this school, Jack Ma spoke about the potential challenges of artificial intelligence for education. “ChatGPT and similar technologies are just the beginning of the AI era. We should be using artificial intelligence to solve problems instead of being controlled by it,” he said.
“Pawnbroker Mentality”
In October 2020, Jack Ma told a conference that traditional banks have a “pawn shop mentality”. The following month, Ant’s IPO was called off at the last minute by Chinese authorities, citing “major issues” with the company’s regulations.
Last January, Jack Ma ceded control of Ant Group.