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Alibaba shares jump 9% in U.S. premarket after CEO unveils plans to boost AI spending
Alibaba plans to increase spending on AI models and infrastructure development even further, Chief Executive Officer Eddie Wu said Wednesday.
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scmp.com
Alibaba to boost AI spending as China tech giant sees AGI as new start
Group’s infrastructure spending will exceed the US$53 billion already promised, CEO Eddie Wu says at conference.
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Alibaba’s AI investment and Cathie Wood’s endorsement send shares to 4-year high
Prominent US fund manager buys US$16.3 million worth of shares in a vote of confidence for the firm’s focus on AI and on-demand delivery services.
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cnbc.com
Alibaba shares jump 9% in U.S. premarket after CEO unveils plans to boost AI spending
Alibaba plans to increase spending on AI models and infrastructure development even further, Chief Executive Officer Eddie Wu said Wednesday.