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 Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure ...
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Alibaba Group Stock Soars On Q3 Earnings Beat, Cloud Computing Gains: Retail Stays BullishU.S.-listed shares of Alibaba Group Holding (BABA) rose more than 8% on Thursday and were climbing in after-hours trading ...
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial ...
With the stock still inexpensive and a turnaround taking hold, Alibaba remains an attractive investment. The company is ...
Chinese e-commerce giant Alibaba Group Holding saw profit surge 239 per cent cent in the December quarter to beat analysts' ...
BEIJING: Chinese tech giant Alibaba said on Monday (Feb 24) it will spend more than US$50 billion on artificial intelligence ...
The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce ...
Alibaba Group Holding has kicked off its spring hiring season with 3,000 internship openings for fresh graduates, half of ...
ALIBABA Cloud, the digital technology and intelligence backbone of Alibaba Group, has set a new world record with its ...
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