Alibaba to invest $53 billion over next three years to advance AI infrastructure
The US funded seven projects in India in 2023-24, amounting to $750 million for various key sectors. African elephants are one of the largest animals that currently exist, and there 7 animals that are able to get bigger than them.
Alibaba’s stock falls on expensive AI-investment pledge
Alibaba Group Holding Ltd.’s U.S.-listed stock fell nearly 7% on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud computing and Artificial Intelligence infrastructure. The spending plan amounts to nearly eight times its most recent quarterly profit of $6.7 billion.
Cloud Giant Alibaba Invests $53B In AI Infrastructure As Stock Surges
Alibaba Cloud invests $53 billion in artificial intelligence to drive AI infrastructure, cloud computing and LLMs as Alibaba Group ADR stock increases.
Alibaba (BABA) Ramps Up AI and Cloud with Massive $53B Investment
Alibaba (BABA) announced a massive investment of $53 billion over the next three years to expand its AI (artificial intelligence) and cloud
Alibaba Stock Falls. Why a $52 Billion AI Spending Pledge Is Rattling Investors.
Shares have soared this year, but the online retailer's plans for an AI spending spree haven’t gone down so well.
Alibaba Plans to Invest $52B in AI, Cloud Over Next Three Years
KEY TAKEAWAYS U.S.-listed shares of Alibaba Group are falling 3% in premarket trading Monday after the Chinese tech giant announced plans to invest more than $52 billion in artificial intelligence and cloud infrastructure over the next three years.
Alibaba's AI-Powered Turnaround
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Why Alibaba Stock Was Falling Today
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Alibaba Shares Tumble as Trump Order Stirs China Trade Angst
Alibaba Group Holding Ltd shares tumbled in US trading on Monday as President Donald Trump’s latest executive order stirred ...
Alibaba is going all in on developing AI that can reason like a human being
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
Alibaba to invest more than $52 billion in AI over next 3 years
Alibaba said on Monday it plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial ...
Alibaba commits US$53 billion for AI infrastructure in largest private computing project
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
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Microsoft, Alibaba rocked as investors weigh their AI investments
The US tech behemoth signals a strategic pivot with cancelled data center contracts while the Chinese tech giant's shares ...
Alibaba and Other China Tech Stocks Tumble
Shares in U.S.-listed Chinese technology companies such as Alibaba, JD.com and Temu's parent company PDD fell sharply Monday. Alibaba recently stood about 9.5% lower, while PDD lost 8%. The pullback ...
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Alibaba commits to spending $53 billion on AI
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
Alibaba Joins Global AI Race With $53 Billion Investment
Alibaba Group Holding Ltd. has announced an ambitious plan to invest over 380 billion yuan ($53 billion) in AI infrastructure over the next three years. Alibaba joins global AI race by investing $53 ...