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Alibaba quarterly profit drops 75% as AI investment spending grows
China's Alibaba reports a 75% drop in profit for the latest quarter from the year before to roughly $1.6 billion as it invests heavily in AI infrastructure
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cnbc.com
Alibaba shares fall 4% as AI spending drives 75% drop in net income
Alibaba's U.S. shares dropped 4% in premarket trading Thursday after the Chinese tech giant posted net income that plummeted 75% in the June quarter.The company has been investing…
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economictimes.indiatimes.com
Alibaba reports 9% rise in quarterly revenue - The Economic Times
As businesses increasingly deploy artificial intelligence applications, demand for the cloud computing power needed to train and run those systems has surged, benefiting China's…
