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.
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Morgan Stanley Upgrades Alibaba Group Holding (BABAF)Fintel reports that on February 24, 2025, Morgan Stanley upgraded their outlook for Alibaba Group Holding (OTCPK:BABAF) from ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Shares have soared this year, but the online retailer's plans for an AI spending spree haven’t gone down so well.
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
Alibaba (BABA) stock is falling 7% after the China-based tech conglomerate disclosed that it would spend at least 380 billion ...
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the ...
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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