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 Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
Qwen, released by Alibaba, is the new model making waves because it technically surpasses the likes of DeepSeek and ChatGPT.
US President Donald Trump directed the committee on Foreign Investment in the US to limit Chinese spending on technology and ...
Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s AI technology, the Chinese firm's chairman said, affirming reports ...
The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce ...
Alibaba Group has planned to enter into the global AI race by investing more than 380 billion yuan in artificial intelligence ...
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