Chinese e-commerce giant, Alibaba Group Holding (NYSE:BABA), is stepping up its U.S. expansion with a new AI-powered sourcing tool designed to simplify the sourcing process for American buyers. What Happened: On Thursday, Alibaba.com, the B2B arm of Alibaba, announced at its annual CoCreate conference in Las Vegas, the launch of a new generative artificial intelligence agent. This AI agent, functioning as a chatbot, will streamline the sourcing process for American buyers seeking suppliers in China and other countries, reported Nikkei Asia. Instead of the traditional search method, which can b…
