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 Plans Over $53 Billion Investment in Cloud and AI Infrastructure Over Next Three Years
Alibaba announced plans to invest at least RMB380 billion (US$53 billion) over the next three years to advance its cloud computing and AI infrastructure, underscoring the company’s focus on AI-driven growth and its role as a leading global cloud provider, according to a statement by Alibaba’s Cloud unit on Monday.
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The tussle for AI dominance may be entering a new realm where proprietary data is the holy grail for AI development.
Alibaba (NYSE:BABA), and ByteDance, are ramping up purchases of Nvidia’s (NASDAQ:NVDA) H20 AI chip, driven by booming demand ...
DeepSeek has reopened access to its core programming interface after nearly a three-week suspension, resuming a service key ...
Investors are asking if their faith in US exceptionalism has gone too far. The contrast is most glaring when we look at China ...
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