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 ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
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 ...
Chinese e-commerce giant Alibaba Group Holding saw profit surge 239 per cent cent in the December quarter to beat analysts' ...
The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce ...
Move covers four models of the Wan2.1 series, the latest version of Alibaba Cloud’s video foundational model Tongyi Wanxiang.
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