Alibaba to Spend $53 Billion on AI Infrastructure in Big Pivot
Bloomberg reports that CEO Eddie Wu aspires for Alibaba to become an AI leader.
Alibaba Group Holding Ltd. has pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence. The internet company co-founded by Jack Ma plans to spend more on its AI and cloud computing... ...
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