Chairman Joe Tsai said the company would restart hiring, while separately, expressing concerns about a potential AI bubble in ...

By comparison, Alibaba plans to invest at least 380 billion yuan ($52 billion) in its cloud computing and artificial intelligence infrastructure over the next three years. Hong Kong's Hang Seng ...

The internet company co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade. Alibaba envisions becoming a key partner to companies ...

Alibaba Group, the parent company of AliExpress, plans to accelerate investments in artificial intelligence and cloud computing after reporting a 333 per cent surge in net income to $6.36 bn for ...

A heightened level of scrutiny regarding companies' exorbitant spending plans around AI has intensified during this current earnings season as investors question the potential return on investment.

What Happened: on Monday, Alibaba announced its plans to invest an amount that surpasses its total AI infrastructure spending over the past decade, reported South China Morning Post. This ...

Feb 24 (Reuters) - Alibaba (9988.HK), opens new tab said on Monday it plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence infrastructure ...

Alibaba has flagged plans to invest more in its "core businesses" of e-commerce and AI-powered cloud computing after reporting third-quarter revenues just above analysts' estimates on strong year ...