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.
The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure ...
First releasing its Qwen 7B open source AI model in 2023, Alibaba’s models have consistently topped the HuggingFace Open LLM ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its ...
Alibaba said the total investment amount exceeds the company's spending in AI and cloud computing over the past decade.
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Alibaba to invest $50B in AI, cloud computingChinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence (AI) and cloud ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
Alibaba Group Holding will open source four Sora-style video-generation models, in the latest effort by the Chinese tech giant to promote its artificial intelligence (AI) technologies to developers.
Chinese e-commerce leader Alibaba said on Wednesday its video- and image-generating artificial intelligence model Wan 2.1 is ...
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
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