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 ...
Alibaba Group Holding Ltd. has announced that its video and image-generating AI model, Wan 2.1, is now publicly available as an open-source platform.
Shares of Alibaba Group Holding Ltd. (NYSE: BABA) climbed 4.2% during the pre-market trading session on Wednesday following the launch of its video-generation software today. The stock also climbed on ...
Move covers four models of the Wan2.1 series, the latest version of Alibaba Cloud’s video foundational model Tongyi Wanxiang.
For a long time, Alibaba has been seen as undervalued by famous investors such as David Tepper, Michael Burry and many others ...
For the three months ended Dec. 31, the Chinese tech giant's revenue jumped 8 percent year-over-year to 280.1 billion ...
Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s AI technology, the Chinese firm's chairman said, affirming reports ...
The latest earnings report from Alibaba Group highlights resilience in key segments, led by cloud and international commerce ...
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