Reported 1 day ago
Alibaba Group Holding's significant pivot towards artificial intelligence has excited investors, leading to a surge in its stock prices. The company plans to invest heavily in AI and cloud computing over the next three years, aiming to outpace its previous decade's expenses in these areas. Analysts express confidence in Alibaba's commitment, highlighting successful growth in its Cloud Intelligence Group and partnerships enhancing its AI capabilities, including an upcoming deep-reasoning AI model.
Source: YAHOO