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Alibaba, AI

Bloomberg on MSN · 13h

Alibaba Plans to Spend $53 Billion on AI in a Major Pivot

Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.

newsbytesapp.com · 14h

Alibaba to spend $53B on AI infrastructure by 2028

Alibaba Group Holding Ltd has announced a massive investment of $53 billion in artificial intelligence (AI) infrastructure, including data centers, in the next three years. The move highlights the e-commerce giant's ambition to become a global leader in AI technology.

Hindustan Times · 15h

Alibaba plans to invest $53 billion on AI infrastructure over the next three years

Alibaba, co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade.

Microsoft Drops Some AI Data Center Leases

SiliconANGLE · 41m

Microsoft scraps some data center leases as Apple, Alibaba double down on AI

Microsoft’s lease cancellations were detailed on Friday in a note from TD Cowen analysts. According to Bloomberg, the investment bank believes that Microsoft has voided contracts for data centers with about 200 megawatts in combined capacity. One megawatt corresponds to the electricity usage of several hundred households.

U.S. News & World Report · 7h

Microsoft Shelves AI Data-Center Deals in Sign of Potential Oversupply, Analyst Says

Skepticism has been growing among investors over the billions of dollars U.S. tech firms have been channeling into AI infrastructure due to slow payoffs and breakthroughs at Chinese startup DeepSeek,

Bloomberg L.P. · 58m

Microsoft Drops Some AI Data Center Leases: TD Cowen

Microsoft has canceled some leases for US data center capacity, according to TD Cowen, raising broader concerns over whether it’s securing more AI computing capacity than it needs in the long term. TD Cowen analyst Michael Elias,

12hon MSN

Alibaba is going all in on developing AI that can reason like a human being

Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...

3hon MSN

Alibaba commits US$53 billion for AI infrastructure in largest private computing project

The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.

3d

Alibaba’s $120 Billion Rally May Have Room To Grow On AI Optimism

Chinese e-commerce giant Alibaba highlighted its AI ambitions as it reported strong results for its third quarter, fueling ...

11d

Alibaba to partner with Apple on AI features, sending shares to 3-year high

Alibaba will partner with Apple to support iPhones' AI services offering in China, its chairman said on Thursday, a move ...

1d

Bill Gates' Concerns, Nvidia' Leap In Genetic Research, Elon Musk's Grok Beats OpenAI's ChatGPT, And More: This Week In AI

The week was abuzz with news from the tech world, with AI in the spotlight. Bill Gates warned of challenges for future ...

CNN on MSN10d

AI giants Baidu, OpenAI offer their chatbots for free in response to DeepSeek’s advance

Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global ...

Hosted on MSN8h

Chinese tech giant Alibaba announces enormous investment in AI

Chinese tech giant Alibaba announced on Monday that it will invest $50 billion into artificial intelligence and cloud ...

15h

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in ...

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