Alibaba's Bullish Momentum Could Accelerate
Read here for an update on Alibaba's strong growth with bullish YTD momentum, impressive AI tools, and expanding cloud and international segments.
Alibaba to invest $70 billion in AI over next 3 years in major pivot
The amount would be more than it has spent on its AI and cloud computing network over the past decade. Read more at straitstimes.com.
Alibaba shares jump on new open-source QwQ-32B reasoning model
Alibaba Stock Jumps on New AI Model Launch that Challenges DeepSeek’s R1
Hong-Kong listed shares (HK:9988) jumped over 8% today, after the company launched its new open-source AI (artificial intelligence) model that challenges DeepSeek’s R1 model. Alibaba’s AI unit Qwen unveiled its QwQ-32B model through an X post this morning.
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What is Qwen, the open-source GenAI model from Alibaba challenging DeepSeek?
China's e-commerce giant Alibaba Group has unveiled a new generative artificial intelligence model that it claims surpasses the performance of DeepSeek, triggering a stock market rally among Chinese tech companies.
eWeek12d
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.
CRN12d
Cloud Giant Alibaba Invests $53B In AI Infrastructure As Stock Surges
Alibaba Cloud invests $53 billion in artificial intelligence to drive AI infrastructure, cloud computing and LLMs as Alibaba Group ADR stock increases.
Network World11d
Alibaba to invest $52 billion in AI and cloud over three years
The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its core e-commerce business.
Business Insider on MSN12d
Alibaba is going all in on developing AI that can reason like a human being
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China.
NewsBytes12d
Alibaba to spend $53B on AI infrastructure by 2028
Alibaba Group Holding Ltd has announced a massive investment of $53 billion in artificial intelligence (AI) infrastructure, including data centers, in the next three years. The move highlights the e-commerce giant's ambition to become a global leader in AI technology.