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 makes Sora-style video models open source
The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure ...
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce ...
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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 ...
Shares of Alibaba Group Holding Ltd. (NYSE: BABA) climbed 4.2% during the pre-market trading session on Wednesday following the launch of its video-generation software today. The stock also climbed on ...
Alibaba Group's headline-grabbing rally tops off what's been an incredible month for Chinese tech stocks.In late January, the ...
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