Alibaba’s Massive $52B+ Bet on AI and Cloud Infrastructure
Like its U.S. counterparts, Alibaba is going all-in on generative AI. Its cloud computing business saw an 11 percent year-over-year increase in revenue in December 2024. AI-related product sales have experienced triple-digit growth for the sixth consecutive quarter, signaling strong enterprise demand for AI-powered solutions.
Alibaba (BABA) stock is falling 7% after the China-based tech conglomerate disclosed that it would spend at least 380 billion ...
The investment amount is claimed to exceed Alibaba's spending in AI and cloud computing during the past decade.
Alibaba CEO’s focus on theoretical technology comes after a good few years for the e-commerce giant and Qwen maker.
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
Chinese e-commerce giant Alibaba highlighted its AI ambitions as it reported strong results for its third quarter, fueling ...
Investors looking for companies they can invest in to benefit from the growth of AI in China have generally focused on ...
Chief executive Eddie Wu said AI was "the kind of opportunity for industry transformation that only comes around only once ...
For the three months ended Dec. 31, the Chinese tech giant's revenue jumped 8 percent year-over-year to 280.1 billion ...
Alibaba Group Holding's Qwen artificial intelligence (AI) model is powering the world's top 10 open-source large language ...
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst ...
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