In the next three years, Alibaba will spend more on artificial intelligence (AI) than it has in the last decade.
AI played a key role in the Chinese conglomerate’s earnings call Thursday (Feb. 20), with management saying the company’s AI investments are based on the primary goal of achieving artificial general intelligence (AGI). The company’s stock soared following the report, which showed revenues up 8% year over year.
“We aim to continue to develop models that extend the…
Article Source
https://www.pymnts.com/earnings/2025/alibaba-ramps-up-ai-spending-in-pursuit-of-agi/
