Alibaba to Invest Over $52 Billion in AI and Cloud Over the Next Three Years

Alibaba Group Holding Limited (NYSE: BABA, HKEX: 9988) plans to invest more than $52 billion in AI and cloud infrastructures over the next three years to secure better opportunities in the AI era, according to the Wall Street Journal. Alibaba announced on February 24, 2025, that the investment amount of approximately $52.4 billion will surpass the company's spending on AI and cloud computing over the last ten years. The technology company, co-founded by Jack Ma, reported better-than-expected results for Q3/2024. Revenue growth accelerated to...