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.

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 ...

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 ...

Alibaba has pledged to invest “at least” 380 billion yuan ($52 billion) in new cloud and AI infrastructure over the next three years. The move comes the week after company founder Jack Ma ...

Alibaba 99885.46%increase; green up 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 ...

(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 Group Holding will invest at least 380 billion yuan (US$52.4 billion) in its cloud computing and artificial intelligence (AI) infrastructure over the next three years, in China's largest ...

Alibaba Group Holding Limited just released its December quarter earnings and easily surpassed analyst expectations. The release beat on revenue, GAAP earnings and adjusted earnings. The cloud ...