The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
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Investors seemed skeptical of Alibaba's plans to invest at least $53 billion in AI over the next three years. The news comes after several large U.S. companies firms made similar announcements.
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Alibaba, the fourth largest cloud company in the world, unveils plans to invest $53 billion in AI infrastructure as China’s largest cloud provider seeks to become a more dominant global AI player.
Alibaba Group has unveiled an ambitious plan to invest RMB 380 billion (approximately $53 billion) over the next three years ...
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