Alibaba, the fourth largest cloud company in the world, unveils plans to invest $53 billion in AI infrastructure as China’s largest cloud provider seeks to become a more dominant global AI player.

The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its core e-commerce business. Alibaba is planning to invest 380 billion yuan ...

Alibaba will invest RMB 380 billion (US$53bn) in its cloud computing and artificial intelligence (AI) infrastructure over the next three years in a bid to dominate the next wave of technological ...

Alibaba 9988-1.60%decrease; red down pointing triangle Group plans to invest more than $52 billion on AI and cloud infrastructure over the next three years, in a bid to seize more opportunities in ...

Alibaba (BABA) announced a massive investment of $53 billion over the next three years to expand its AI (artificial intelligence) and cloud computing capabilities. This investment, which surpassed ...

(Reuters) -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.

Alibaba last month announced a plan to invest $380 billion yuan ($52.5 billion) in cloud computing and AI infrastructure over the next three years. The company claimed its Qwen AI has performed ...

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 ...