China's Alibaba has reported accelerating AI and cloud revenue growth driven by the AI boom, which has jumped 38% in the January-March quarter compared to the year before.

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.

China's Alibaba has reported accelerating AI and cloud revenue growth driven by the AI boom, which has jumped 38% in the January-March quarter compared to the year before.