Alibaba Group Xi Jinping

Chinese Alibaba to invest $53 billion in building AI infrastructure: Reports

Chinese tech giant Alibaba Group will invest more than 380 billion yuan (about $53 billion) in building cloud and hardware infrastructure for artificial intelligence, the Xinhua news agency reports. Chinese publication Penpai noted that these investments were a record volume of investments by Chinese private enterprises in the creation of cloud and hardware infrastructure for AI.

Anadolu Ajansi · 11h

Alibaba to invest $52.4B in AI infrastructure over 3 years

Chinese tech giant Alibaba announced on Monday its plan to invest over $52.4 billion in artificial intelligence (AI) infrastructure and cloud computing over the next three years, according to Chinese state media.

Daily Journal · 1d

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

India Blooms on MSN · 18h

Jack Ma-owned Chinese Alibaba pledges to invest more than USD 52 billion in AI over next three years

Alibaba Group Holding Ltd., co-founded by Chinese entrepreneur Jack Ma, on Monday pledged to invest US$52.4 billion in its cloud computing and artificial intelligence (AI) infrastructure over the next three years.

Jack Ma, Alibaba and Ant Group founder, joined Chinese tech leaders in a meeting with Xi Jinping. Here's how he amassed a huge fortune.

The life of Jack Ma, founder of Alibaba. He grew up poor in China and was rejected from multiple jobs before finding success ...

Is Xi’s Sudden Embrace of Business for Real? China Is Left Guessing.

The uncertain reaction to Xi Jinping’s display of warmth made sense: Executives are eager for a reset after years in the cold ...

7don MSN

In from the cold? Alibaba co-founder Jack Ma spotted among top tech bosses who met China’s Xi

Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a ...

7don MSN

China’s Xi promises policy stability at meeting with business leaders, including Alibaba’s Jack Ma

China’s President Xi Jinping has met with the country’s top business leaders, state media reported, including Jack Ma, the founder of Alibaba who had kept a low public profile after angering Chinese ...

President Xi Jinping Meets China’s Top Tycoons In Rare Show Of Support

President Xi Jinping met some of China’s most prominent tycoons, sending what analysts say is the strongest signal of support ...

4don MSN

'No choice': Why Xi Jinping is playing nice with Jack Ma, other Chinese tech billionaires

China's President Xi Jinping met top private sector entrepreneurs, including Alibaba's Jack Ma, signaling a policy change ...

Jakarta Globe7d

Xi Jinping Tells Business Leaders to Focus on Getting Rich First, Then Promote Common Prosperity

Xi Jinping assured private sector business leaders on Monday that government policies toward the private sector would remain ...

Alibaba surges 15% in Hong Kong as market logs longest winning streak in 2 years

Alibaba’s revenue and profit in December quarter topped estimates, helping the Hang Seng Index log its longest winning run ...

6don MSN

Xi Jinping gave China's big tech companies a personal stamp of approval

At the Monday meeting, Xi urged the executives to "show their talent" and pledged to support private businesses.

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