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.
Chinese e-commerce leader Alibaba said on Wednesday its video- and image-generating artificial intelligence model Wan 2.1 is ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
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 will release an open-source version of its video and image-generating artificial intelligence model, Wan 2.1, the ...
Chief executive Eddie Wu said AI was "the kind of opportunity for industry transformation that only comes around only once ...
The US tech behemoth signals a strategic pivot with cancelled data center contracts while the Chinese tech giant's shares ...
China and Hong Kong stock markets surged on a renewed push for AI innovation, with major financials experiencing gains. The ...
Alibaba, ByteDance, and Tencent are driving demand for NVIDIA H20 chips, fueling China’s AI boom despite U.S. export ...
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