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.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
Alibaba said the total investment amount exceeds the company's spending in AI and cloud computing over the past decade.
Alibaba Group Holding Ltd.’s U.S.-listed stock fell nearly 7% on Monday after the online retailer said it plans to spend ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
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 US tech behemoth signals a strategic pivot with cancelled data center contracts while the Chinese tech giant's shares ...
Chief executive Eddie Wu said AI was "the kind of opportunity for industry transformation that only comes around only once ...
Chinese companies are ramping up orders for Nvidia's H20 artificial intelligence chip due to booming demand for DeepSeek's ...
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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