Digital payments firm Paytm has partnered with China’s Alibaba to launch AI-based cloud computing platform ‘Paytm AI Cloud’. The platform will offer business-centric apps to developers, startups and enterprises that need cloud-computing solutions including customer engagement and easy-to-integrate payments.
It will process and store all consumer data locally in servers located only in India. The company has committed around Rs 250 crore in this business.
Source- The Tribune
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- Alibaba’s Cloud computing business, which opened its first India data centre in Mumbai in January.
- Vijay Shekhar Sharma is the Founder of Paytm.
- Jack Maa is the founder of Alibaba.
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