Alibaba Group announces multi-billion dollar AI and cloud investment

Alibaba Group announces multi-billion dollar AI and cloud investment

Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial intelligence across several of its divisions such as e-commerce and consumer applications.

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Chinese e-commerce giant Alibaba Group has revealed it is investing $53 billion (€50.6bn) into cloud computing and artificial intelligence over the next three years. This would be one of the company’s biggest tech investments so far, surpassing its…

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https://www.euronews.com/business/2025/02/24/alibaba-group-announces-multi-billion-dollar-ai-and-cloud-investment

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