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.
Qwen, released by Alibaba, is the new model making waves because it technically surpasses the likes of DeepSeek and ChatGPT.
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
Chinese e-commerce giant Alibaba highlighted its AI ambitions as it reported strong results for its third quarter, fueling ...
Alibaba (BABA) stock is falling 7% after the China-based tech conglomerate disclosed that it would spend at least 380 billion ...
Investors looking for companies they can invest in to benefit from the growth of AI in China have generally focused on ...
Alibaba CEO’s focus on theoretical technology comes after a good few years for the e-commerce giant and Qwen maker.
Chief executive Eddie Wu said AI was "the kind of opportunity for industry transformation that only comes around only once ...
Apple will work with Chinese tech giant Alibaba to roll out AI services in the world’s biggest market for mobile phones, in a ...
Alibaba will partner with Apple to support iPhones' AI services offering in China, its chairman said on Thursday, a move ...
The DeepSeek revolution is rippling through China’s tech sector, as hundreds of companies adopt the buzzy AI model in their ...
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