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.
The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure ...
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Alibaba Group Stock Soars On Q3 Earnings Beat, Cloud Computing Gains: Retail Stays BullishU.S.-listed shares of Alibaba Group Holding (BABA) rose more than 8% on Thursday and were climbing in after-hours trading ...
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial ...
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce ...
CEO Eddie Wu said Alibaba will ‘aggressively invest’ in AI infrastructure and bolster research and development on advanced ...
BEIJING: Chinese tech giant Alibaba said on Monday (Feb 24) it will spend more than US$50 billion on artificial intelligence ...
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