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.
Nvidia, DeepSeek and AI
Alibaba will release an open-source version of its video and image-generating artificial intelligence model, Wan 2.1, the ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
DeepSeek has reopened access to its core programming interface after nearly a three-week suspension, resuming a service key ...
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
Apple will work with Chinese tech giant Alibaba to roll out AI services in the world’s biggest market for mobile phones, in a ...
Asian equities were a sea of red despite a weak dollar overnight, as only the Shenzhen Composite, Pakistan, and Vietnam were ...
"DeepSeek complements, rather than competes against, existing AI leaders like OpenAI, Anthropic, and Google DeepMind," the ...
Shares in U.S.-listed Chinese technology companies such as Alibaba, JD.com and Temu's parent company PDD fell sharply Monday. Alibaba recently stood about 9.5% lower, while PDD lost 8%. The pullback ...
The DeepSeek revolution is rippling through China’s tech sector, as hundreds of companies adopt the buzzy AI model in their ...
Chinese stocks tumbled in US trading on Monday, led by the biggest selloff in Alibaba Group Holding Ltd. since 2022, after ...
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