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Paytm launches AI Cloud service with Alibaba

It will soon announce a partnership with DingTalk

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MUMBAI: Paytm parent One97 Communications has partnered with Alibaba to launch its artificial intelligence (AI) cloud computing platform Paytm AI Cloud for developers, start-ups, and enterprises.

Paytm AI Cloud will offer a suite of business-centric applications including ready-to-use services that will allow businesses to automate their workflow, integrate payments, and provide messaging, customer engagement tools. The company said that its cloud will process and store all consumer data locally, in servers located only in India.

Reports claim that the company has earmarked Rs 250 crore for this vertical. It will be interesting to see how the homegrown company’s foray into the cloud computing business pans out in the coming months. Paytm may gain an upper hand if it leverages the cloud computing business of its key investor Alibaba. The Chinese tech giant opened its first India data centre in Mumbai this January.

The platform has also built various solutions that include ‘easy-to-access’ computing services, pattern recognition tech, pre-trained models, and predictive computation to businesses, the company said. 

Paytm also announced that it will soon offer enterprise-messaging solution in partnership with DingTalk to facilitate conversations across email, chat, call or audio-video conference.

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