Alibaba Invests Heavily in AI
Alibaba plans to invest at least $52.44 billion in its cloud computing and artificial intelligence infrastructure over the next three years, exceeding its spending on AI and cloud computing over the past decade. The company has started 2025 as a leader in China's AI race, with investors drawn to strategic business deals. Alibaba's significant investment in AI follows other Chinese firms like ByteDance, which is earmarking $150 billion for capital expenditure this year.
- This massive investment could signal a shift towards a more technology-driven economy in China, where companies are racing to develop cutting-edge AI capabilities.
- How will the growing competition in the AI space impact Alibaba's business model and strategy in the global market?