AI, Alibaba

Alibaba Plans to Spend $53 Billion on AI in a Major Pivot
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.
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 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 intelligence infrastructure over the next three years. The Chinese e-commerce giant had said it had plans to invest in the sector while announcing its results on Friday,
Alibaba’s stock falls on expensive AI-investment pledge
Alibaba Group Holding Ltd.’s U.S.-listed stock fell 2.7% in premarket trading 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.
Alibaba to Spend More Than $52 Billion in AI, Cloud Over Next Three Years
The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure.
China's Alibaba to invest $50 bn in AI, cloud computing
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma
Alibaba to invest over $52 billion in AI and cloud infrastructure over next three years
Chinese tech company Alibaba (NYSE:BABA) on Monday unveiled plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence infrastructure over the next three years.
Alibaba Group announces multi-billion dollar AI and cloud investment
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial ...
Alibaba's AI-Powered Turnaround
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
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 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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Alibaba joins global AI race with $53 billion investment in AI
Alibaba Group has planned to enter into the global AI race by investing more than 380 billion yuan in artificial intelligence ...
Alibaba Group (NYSE:BABA) Price Target Raised to $190.00
Alibaba Group (NYSE:BABA – Free Report) had its target price upped by Benchmark from $118.00 to $190.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage ...
Alibaba Surges as Comeback for Jack Ma’s Empire Takes Hold
Alibaba Group Holding Ltd. posted its fastest pace of revenue growth in more than a year, as the Chinese internet pioneer ...
Alibaba CFO Toby Xu Touts 5% Drop In Share Count Thanks To Aggressive Buybacks As Jack Ma-Founded Company Basks In Stellar Q3 Results
Alibaba Group Holding Ltd. has achieved a significant 5% reduction in share count over the past nine months through ...
Alibaba Group Holding Ltd (HKSE:09988) Q3 2025 Earnings Report Preview: What To Look For
Alibaba Group Holding Ltd (HKSE:09988) is set to release its Q3 2025 earnings on Feb 20, 2025. The consensus estimate for Q3 ...
China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations ...