Alibaba joins global AI race, commits to $53 billion investment over 3 yrs
Chinese e-commerce giant Alibaba Group will focus on expanding data centres and computing capabilities to support the next ...
EconoTimes35m
Alibaba Commits $52.4B to Cloud and AI Expansion Amid Rising Competition
Alibaba (NYSE: BABA) has announced a massive investment of at least 380 billion yuan ($52.44 billion) over the next three ...
Alibaba commits US$53 billion for AI infrastructure in largest private computing project
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive ...
Alibaba shares open at three year-high as quarterly revenue rebounds
Alibaba's shares opened 10% higher in Hong Kong on Friday to reach their highest level in more than three years, after it ...
香港電台網站56m
Alibaba announces investment in AI, cloud computing
Chinese tech giant Alibaba said on Monday it will invest more than 380 billion yuan (US$52.4 billion) on artificial ...
Analytics India Magazine33m
Chinese Giant Alibaba to Invest Over $52 Billion in AI Over the Next Three Years
Alibaba Cloud will become the most important AI infrastructure and one of the largest cloud computing networks for outputting ...
China’s Alibaba to invest $50b in AI, cloud computing
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing ...
Alibaba Posts Fastest Revenue Growth Since 2023
The e-commerce company posted a better-than-expected 7.6% rise in revenue as it worked to put growth back on track amid ...