Alibaba Cloud invests $53 billion in artificial intelligence to drive AI infrastructure, cloud computing and LLMs as Alibaba Group ADR stock increases.
Alibaba’s Cloud Intelligence Group is the key long-term growth driver, fueled by AI demand and rapid expansion. See why I rate BABA stock a buy.
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 Cloud, the cloud computing unit of Chinese tech heavyweight Alibaba Group has introduced its latest open-source large language model QwQ-32B, with its performance comparable to leading models such as DeepSeek R1.
Alibaba Group plans to invest more than $52 billion on AI and cloud ... The spending of at least 380 billion yuan, equivalent to $52.41 billion, will surpass the company’s AI and cloud computing investment over the past decade, Alibaba said in a post ...
The group said its Alibaba Cloud unit has recorded triple-digit AI-related product revenue growth for six consecutive quarters.
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial intelligence across several of its divisions such as e-commerce and consumer applications.
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.
Investors cheered the results, sending the stock up by around 15% after the announcement. But digging further into Alibaba's results indicates much more than the headline numbers, suggesting that Alibaba's turnaround effort is finally bearing fruit.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain consumer sentiment and decelerating economic
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.