It is necessary for the leader to have the ability to deal with more intelligent people

Joseph Tsai, the founding partner and chairman of the Ali Baba Group, confirmed that he decided 3 years ago to gradually step down from the executive presidency of the “Ali Baba” group, where he decided to abandon the position of CEO and hand him over to a young man who is about 12 years younger, stressing that it is necessary that it is necessary The leader has the ability to deal with more intelligent people, especially since his company may expand and outperform his capabilities, so the smartest must be dealt with to continue success.

Joseph Tsey said during a dialogue session within the work of the third day of the World Summit of Governments 2025, that the idea of ​​launching Ali Baba came as China approached the joining of the World Trade Organization, at a time when he decided to move from the consultant stage to a person who makes decisions, so he decided to go to companies The private, stressing that when a person invests, this helps him to make decisions, but with the passage of time he saw that the decision is not limited to capital owners but for specialists.

“Our main innovation was based on the transition to digital payment (E-Pay), today we are achieving many profits and focus on cloud computing,” added Joseph Tsai. He continued: “For me, it was an opportunity to participate and learn how the company worked in an interesting field like the Internet, as I was 35 years old, but today after 25 years the company grew up and expanded very much until its capital exceeded 230 billion dollars.”

Success and survival

The Chairman of Ali Baba moved to talk about how to succeed, although 99% of startups are facing failure, saying: “I think the title of the session expresses success and survival, and they are two paths in line with the side, and then we did not have a large capital, but we sought to survive And the failure of the failure until we started successfully and continuity.

He continued: “With regard to the history of Ali Baba, we did not achieve success with acquisition Many and we rely on cloud computing techniques. “

He stressed that every day in the company feels enthusiastic, because he works with smart, innovative and creative youth, which is the distinctive “DNA” of “Ali Baba”, explaining that his team is making many innovations that are not driven by the head of the pyramid but from the bottom.

Joseph Tsey said: “The interesting thing for me is now artificial intelligence, as its applications raise exhaustion of the rapid and successive developments. As for the artificial intelligence race, I think that yesterday’s answer is different from today, everyone is in a fierce race and the model that will be launched will be the best, but then another person will be launched. A better model and so on.

Dear “Deep Sick”

He praised the “Deep Seck” application, saying: “Deep Cick is very large, because they have shown the possibility of using an engineering innovation for the modeling of many languages, and until this moment many invest in this pioneering modeling,” pointing to the importance of the future intelligence in the field of education.

Tsai added: “There are many problems with the uses of artificial intelligence that need to find solutions to them, in order to have an economic impact. Looking at Deep Cick, I think that some will need to spend hundreds of billions in computer modeling to develop a more advanced model, but this requires us to know the problems to solve them.” . He stressed that large and small companies and even entrepreneurs can develop artificial intelligence and contribute to its strength.

Apple has set a model for “advanced computing”, especially since their smart devices need great and smart artificial intelligence, indicating that it wanted to use artificial intelligence to develop their devices, so they cooperated with us and we are happy with that.