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's QwQ-Max-Preview is designed to replicate human-like thinking, decision-making, and problem-solving. The company ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Alibaba will release an open-source version of its video and image-generating AI model, Wan 2.1, the Chinese tech giant said ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
KEY TAKEAWAYS U.S.-listed shares of Alibaba Group are rising in premarket trading Friday after GameStop CEO Ryan Cohen ...
The e-commerce company posted a better-than-expected 7.6% rise in revenue as it worked to put growth back on track amid ...
Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s AI technology, the Chinese firm's chairman said, affirming reports ...
For the three months ended Dec. 31, the Chinese tech giant's revenue jumped 8 percent year-over-year to 280.1 billion ...
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