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.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
Chinese technology companies are significantly increasing orders for Nvidia’s H20 artificial intelligence chip, driven by the ...
Even as Chinese chipmakers like Huawei continue to develop their own AI processors, NVIDIA’s H20 remains the industry ...
"DeepSeek complements, rather than competes against, existing AI leaders like OpenAI, Anthropic, and Google DeepMind," the ...
The introduction of QwQ-Max-Preview comes as Alibaba pledges to invest US$53 billion on cloud and AI infrastructure in the ...
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data ...
The QwQ-Max reasoning model is ‘designed to push the boundaries of deep reasoning and versatile problem-solving.’ ...
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