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.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Alibaba's QwQ-Max-Preview is designed to replicate human-like thinking, decision-making, and problem-solving. The company ...
For the three months ended Dec. 31, the Chinese tech giant's revenue jumped 8 percent year-over-year to 280.1 billion ...
Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s AI technology, the Chinese firm's chairman said, affirming reports ...
The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce ...
Baron Funds, an investment management company, released its “Baron Emerging Markets Fund” fourth quarter 2024 investor letter ...
Alibaba, ByteDance, and Tencent are driving demand for NVIDIA H20 chips, fueling China’s AI boom despite U.S. export ...
Alibaba will release an open-source version of its video and image-generating AI model, Wan 2.1, the Chinese tech giant said in a post on X on Tuesday.
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