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 makes Sora-style video models open source
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 said the total investment amount exceeds the company's spending in AI and cloud computing over the past decade.
Chinese tech giant Alibaba said on Monday it will invest more than 380 billion yuan (US$52.4 billion) on artificial ...
The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its ...
Chinese Tech Giant Alibaba Will Spend More Than $50B on AI and Cloud Computing Over Next Three Years
The company’s AI investment exceeds its decade-long budget, reinforcing its commitment to long-term tech growth.
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
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