Alibaba Group Holding will invest at least 380 billion yuan (US$52.4 billion) in its cloud computing and artificial intelligence (AI) infrastructure over the next three years, in China’s largest-ever computing project financed by a single private business, the company announced on Monday in a show of commitment to AI.
The planned outlay exceeds Alibaba’s total spending on AI infrastructure over the past decade and matches half of the initial US$100 billion investment in the Stargate AI…
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https://www.scmp.com/tech/big-tech/article/3299858/alibaba-commits-us53-billion-ai-infrastructure-largest-private-computing-project