Alibaba's share price was down 2% on Monday morning ... Looking ahead, revenue growth at Cloud Intelligence Group driven by AI will continue to accelerate. We will continue to execute against our ...
Shares have soared this year, but the online retailer's plans for an AI spending spree haven’t gone down so well.
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Two things ring familiar in Apple's (AAPL) latest announcement. For one, the $500 billion investment commitment matches the pledged amount of the Stargate initiative, through which companies like ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
The spending plan amounts to nearly eight times its most recent quarterly profit of $6.7 billion. "The investment, which exceeds Alibaba's total AI and cloud spending over the past decade, underscores ...
Alibaba Group has planned to enter into the global AI race by investing more than 380 billion yuan in artificial intelligence ...
Alibaba (BABA) plans to invest at least $52.44B in its cloud computing and artificial intelligence infrastructure over the next three years, ...
– Sunnmøre, Norway-based Mathias Bjørge has announced two hires key to its growing salmon division expansion: Joakim Braseth ...
Alibaba to invest over $52 billion in AI, cloud infrastructure over next three years. Prosus to acquire Just Eat Takeaway for ...