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 Plans Over $53 Billion Investment in Cloud and AI Infrastructure Over Next Three Years
Alibaba announced plans to invest at least RMB380 billion (US$53 billion) over the next three years to advance its cloud computing and AI infrastructure, underscoring the company’s focus on AI-driven growth and its role as a leading global cloud provider, according to a statement by Alibaba’s Cloud unit on Monday.
Alibaba's QwQ-Max-Preview is designed to replicate human-like thinking, decision-making, and problem-solving. The company ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
U.S.-listed shares of Alibaba Group are rising in premarket trading Friday after GameStop CEO Ryan Cohen reportedly raised ...
Alibaba will release an open-source version of its video and image-generating AI model, Wan 2.1, the Chinese tech giant said ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
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We recently compiled a list of the Top 10 AI Stocks on the Move and on Analysts’ Radar. In this article, we are going to take ...
Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s AI technology, the Chinese firm's chairman said, affirming reports ...
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations ...
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