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Alibaba invests $600M in Chinese AI startup MiniMax, valuing it at $2.5B. This adds to their previous $1B investment in Moonshot AI and reflects their focus on growth and AI innovation.
Alibaba's Q3 2025 earnings call underscored a strong focus on AI-driven transformation, with substantial investments planned in cloud and AI infrastructure over the next three years.
Alibaba's cloud revenue grew by 11% in its most recent fiscal quarter. Its AI-related product revenue increased by triple digits for the sixth quarter in a row, the company said in a blog entry.
Alibaba unveiled an upgraded version of its Qwen 2.5 AI model in late January, saying it outperforms DeepSeek-V3. Alibaba's Cloud Intelligence Unit's revenue grew 13%.
Alibaba Group has announced a massive investment of 380 billion yuan ($52.44 billion) into generative AI and cloud computing infrastructure over the next three years.
In cloud computing and AI, Baidu faces competition from Alibaba Cloud and Tencent Holdings Limited’s TCEHY cloud services. The Case for Alibaba Stock Alibaba, China’s e-commerce behemoth, has ...
Wang Jian, the founder of Alibaba's powerful cloud computing unit, gave an extended interview to Bloomberg that was posted on ...
Concerning Wang’s AI prophecy, he predicts that approximately 90% of AI’s recent projects will vanish within five to ten ...
Investing.com -- The future of artificial intelligence lies not just in algorithms but in imagination, according to Wang Jian, founder of Alibaba (NYSE: BABA) Cloud. In a recent Bloomberg interview, ...
OpenAI’s ChatGPT started a revolution in artificial intelligence development and investment. Yet nine-tenths of the ...
Chinese e-commerce giant Alibaba Group Holding saw profit surge 239 per cent cent in the December quarter to beat analysts' estimates, as the company's cloud computing services unit posted strong ...
On the other hand, Alibaba benefits from a diversified business model that includes e-commerce, logistics, and cloud computing, giving it multiple revenue streams that can support AI investment ...