Alibaba to invest $52 billion in AI and cloud

Alibaba to invest $52 billion in AI and cloud over three years
The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its core e-commerce business.
Have You Seen Alibaba’s New AI And Cloud Technology?
Alibaba recently launched a collection of models that handle tasks such as coding, visual processing, and language generation. These
Alibaba’s stock falls on expensive AI-investment pledge
Alibaba Group Holding Ltd.’s U.S.-listed stock fell more than 10% on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud computing and artificial-intelligence infrastructure.
Alibaba to invest more than $52 billion in AI over next 3 years
Alibaba said on Monday it plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence infrastructure over the next three years. The Chinese e-commerce giant had said it had plans to invest in the sector while announcing its results on Friday,
Jack Ma-owned Chinese Alibaba pledges to invest more than USD 52 billion in AI over next three years
Alibaba Group Holding Ltd., co-founded by Chinese entrepreneur Jack Ma, on Monday pledged to invest US$52.4 billion in its cloud computing and artificial intelligence (AI) infrastructure over the next three years.
Chinese tech giant Alibaba announces enormous investment in AI
Chinese tech giant Alibaba announced on Monday that it will invest $50 billion into artificial intelligence and cloud technology over the next three years.
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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 ...
Alibaba's Time Is Finally Here
For a long time, Alibaba has been seen as undervalued by famous investors such as David Tepper, Michael Burry and many others ...
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Forget DeepSeek or ChatGPT. Qwen is the new big AI on the block.
Qwen, released by Alibaba, is the new model making waves because it technically surpasses the likes of DeepSeek and ChatGPT.
Alibaba reveales its new AI model, positioning itself to compete with DeepSeek, OpenAI
Alibaba, one of the largest e-commerce companies in the world, has launched its first reasoning AI model and announced its ...
Alibaba Doubles Down On AI, Launches QwQ-Max to Challenge OpenAI and DeepSeek
Alibaba's QwQ-Max reasoning model showcased, could rival OpenAI's o1 and DeepSeek's R1. Plans to open-source and invest $53B ...
Alibaba Plans to Spend $53 Billion on AI in a Major Pivot
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data ...
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Alibaba Launches New Qwen Reasoning Model; To Release iOS and Android App for Qwen Chat
The QwQ-Max reasoning model is ‘designed to push the boundaries of deep reasoning and versatile problem-solving.’ ...
Alibaba previews new AI reasoning model to challenge DeepSeek R1, OpenAI o1
Chinese e-commerce firm Alibaba Group Holding on Tuesday unveiled a preview of its next reasoning model QwQ-Max, which could ...
Alibaba CEO Wu meets Chongqing party secretary for possible AI partnerships
Alibaba Group Holding CEO Eddie Wu Yongming met Chongqing party secretary and Politburo member Yuan Jiajun on Tuesday to ...
Alibaba’s $120 Billion Rally May Have Room To Grow On AI Optimism
Chinese e-commerce giant Alibaba highlighted its AI ambitions as it reported strong results for its third quarter, fueling ...