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.
Alibaba will release an open-source version of its video and image-generating artificial intelligence model, Wan 2.1, the ...
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations ...
Alibaba (BABA) stock is falling 7% after the China-based tech conglomerate disclosed that it would spend at least 380 billion ...
The e-commerce company posted a better-than-expected 7.6% rise in revenue as it worked to put growth back on track amid ...
The release of the model comes as competition intensifies in China's AI market, following DeepSeek's launch of its latest ...
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Chinese companies are increasingly placing more orders for Nvidia's (NASDAQ:NVDA) H20 artificial intelligence chip amid ...
Chinese e-commerce firm Alibaba Group Holding on Tuesday unveiled a preview of its next reasoning model QwQ-Max, which could rival industry-leading competitors including OpenAI's o1 and DeepSeek's R1, ...
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