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 To Invest A Massive $53 Billion In AI Infrastructure, Taking On Trump's Stargate AI Plan
Alibaba Group Holding Ltd. (NYSE: BABA) has announced an investment of 380 billion yuan ($53 billion) for its cloud computing and AI infrastructure, making it the largest private computing project to date.
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 ...
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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 ...
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce ...
Chinese e-commerce giant Alibaba Group Holding saw profit surge 239 per cent cent in the December quarter to beat analysts' estimates, as the company's cloud computing services unit posted ...
Alibaba Group Holding's cloud computing arm has introduced its updated artificial intelligence (AI) model, Animate Anyone 2, ...
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