Alibaba to invest 380 billion yuan in AI and cloud computing infrastructure in next three years
2025-02-24 13:13:07
In an announcement on the Hong Kong Stock Exchange, Alibaba said it plans to invest at least 380 billion yuan (US $53 billion) over the next three years to build cloud computing and AI infrastructure, further committed to long-term technological innovation, highlighting the company's focus on AI-driven growth and positioning as a leading global cloud computing provider.
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