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.
Shares of Alibaba Group ( BABA 9.56%) are flying higher on Thursday. The company's stock gained 10.4% as of 10:24 a.m. ET.
Alibaba’s 239% profit surge boosts shares nearly 15%, while Amazon tops Walmart in revenue for the first time. Is tech taking ...
CEO said the pursuit of artificial general intelligence is the company's primary objective when it comes to their AI strategy ...
Alibaba Group BABA delivered mixed results in its third-quarter fiscal 2025 earnings report, triggering a significant market response with shares surging 10% in Hong Kong and 8% in U.S. trading. The ...
Alibaba Group Holding Ltd (阿里巴巴) pledged to invest more than 380 billion yuan (US$52.4 billion) in artificial intelligence ...
Alibaba CEO’s focus on theoretical technology comes after a good few years for the e-commerce giant and Qwen maker.
Alibaba Group Holding Ltd. posted its fastest pace of revenue growth in more than a year, as the Chinese internet pioneer ...
Alibaba posted a 239% year-over-year jump in net profit in the final quarter of 2024, and Amazon’s quarterly revenue ...
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