Alibaba accelerates cloud and AI growth with $52.4b investment
Wu Yongming, CEO of Alibaba Group, said the investment exceeds the company's total AI and cloud spending of the past decade, underscoring its focus on an AI-driven growth strategy. With this investment, Alibaba is scaling up its AI capabilities and cloud infrastructure to support the next wave of technological advancements.
Alibaba Group to invest more in cloud and AI infrastructure in next three years than past decade
Alibaba Group is planning to spend more money on building out cloud and AI infrastructure over the next three years than it has in the past decade. Speaking during the company's Fiscal Year 2025 Q3 earnings call, CEO Eddie Wu noted that the company was planning to scale up its investments as part of its AI strategy.
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data ...
Alibaba said on Monday it plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
The former is an e-commerce giant, a leader in cloud computing, a major cross-border e-commerce player, a leading logistics company, and more. The latter owns China's most prominent search advertising ...
Alibaba Group Holding's Q3 earnings beat expectations, and its AI and cloud investments position it well for long-term gains.
Chinese e-commerce giant Alibaba highlighted its AI ambitions as it reported strong results for its third quarter, fueling ...
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