Alibaba Partners With Canaan Over AI

Alibaba Group Holding Ltd BABA has collaborated with Canaan Inc CAN, CoinDesk reports. The partnership is concerned with artificial intelligence.
Alibaba, which aims to build the future commerce infrastructure, will declare its December quarter results on February 24.
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Canaan is a leading high-performance computing solutions provider focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services.
Price Action: CAN shares traded higher by 6.20% at $5.14 in the premarket on the last check Tuesday.