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.
Chinese giant Alibaba released Wan 2.1 and made it open-source: It's a text-to-video AI service similar to OpenAI's Sora.
Small and medium-sized enterprises (SMEs) across the UK are set to make major changes to their product sourcing strategies ...
For a long time, Alibaba has been seen as undervalued by famous investors such as David Tepper, Michael Burry and many others ...
Chinese e-commerce giant Alibaba has unveiled its AI model for video generation, making it freely accessible and intensifying ...
Alibaba's shares opened 10% higher in Hong Kong on Friday to reach their highest level in more than three years, after it ...
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