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 scramble for talent comes as Chinese start-up DeepSeek sets off a national frenzy to adopt AI in various industries.
The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure ...
Alibaba Group offers 3,000 internships, over half in AI. Plans to invest $52.2B in AI and cloud computing. Stock down 4.61%.
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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 ...
With the stock still inexpensive and a turnaround taking hold, Alibaba remains an attractive investment. The company is ...
BEIJING: Chinese tech giant Alibaba said on Monday (Feb 24) it will spend more than US$50 billion on artificial intelligence ...
Damo Academy announced its new server-grade C930, along with plans for future XuanTie chips that include AI acceleration.
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