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.
The scramble for talent comes as Chinese start-up DeepSeek sets off a national frenzy to adopt AI in various industries.
With the stock still inexpensive and a turnaround taking hold, Alibaba remains an attractive investment. The company is ...
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data ...
The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Alibaba releases free AI video model Wan2.1, boosting competition with OpenAI as China pushes open-source tech to drive innovation.
Alibaba's stock soars on profit growth and Beijing's stimulus, but risks of correction emerge as valuation exceeds intrinsic ...
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial ...
Alibaba has branched out from its original B2B e-commerce roots, developing thriving logistics arms and financial spin-offs ...
Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s AI technology, the Chinese firm's chairman said, affirming reports ...
Beijing increasingly views cutting-edge technology through a national-interest lens, putting executives on a tighter leash.
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