Alibaba’s Massive $52B+ Bet on AI and Cloud Infrastructure
Like its U.S. counterparts, Alibaba is going all-in on generative AI. Its cloud computing business saw an 11 percent year-over-year increase in revenue in December 2024. AI-related product sales have experienced triple-digit growth for the sixth consecutive quarter, signaling strong enterprise demand for AI-powered solutions.
While cloud computing and AI can provide notable benefits for the financial industry, there are key challenges of this ...
Alibaba to invest over $52 billion in AI, cloud infrastructure over next three years. Prosus to acquire Just Eat Takeaway for ...
Microsoft Corp. has canceled some leases for US data center capacity, according to TD Cowen, raising broader concerns over ...
The fast deployment of AI and cloud computing raises concerns about energy consumption and environmental impact.
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
The US tech behemoth signals a strategic pivot with cancelled data center contracts while the Chinese tech giant's shares ...
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
Three of the stocks on this "hold forever" list look like fairly strong buys today. They are also heavily involved in the ...
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