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Jack Ma Buys $76.5M Alibaba Shares as AI Spending Accelerates
Jack Ma buys $76.5 million in Alibaba shares as the company increases AI spending, cloud investment and infrastructure expansion.
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scmp.com
Alibaba to issue US$10 billion in new shares for global AI push
The Chinese tech giant is expanding beyond retail into chips, cloud and large language models as surging spending weighs on quarterly profits.
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thenextweb.com
Alibaba is raising $10.2bn and spending all of it on AI
Alibaba is selling HK$80bn of new shares in Hong Kong, with all net proceeds going to AI infrastructure, days after profit fell 75% on the same spending.
