Reported about 15 hours ago
Alibaba Group Holding Limited (BABA) is set to invest over $52 billion in AI and cloud computing over the next three years, aiming to lead advancements in the next generation of e-commerce. The company uses AI extensively in various sectors including logistics and customer engagement, contributing to significant growth in AI-related revenue. With its Qwen AI model gaining traction and integration across its services, Alibaba positions itself as a key player in the evolving AI landscape, especially after recent geopolitical challenges led to a dip in AI stocks.
Source: YAHOO