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.
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 ...
Alibaba Group Holding will open source four Sora-style video-generation models, in the latest effort by the Chinese tech giant to promote its artificial intelligence (AI) technologies to developers.
For a long time, Alibaba has been seen as undervalued by famous investors such as David Tepper, Michael Burry and many others ...
Global tech giants are eyeing the first-mover advantages in the initial stage of artificial intelligence development, Everbright Securities says.
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