Four more rescued after Houthi attack on Greek ship in Red Sea
Four more survivors from the Greek ship Eternity C were rescued from the Red Sea on Thursday, following a deadly Houthi attack that left ten still mis...
Bengaluru/Beijing, February 24, 2025 – Chinese e-commerce giant Alibaba (9988.HK) announced on Monday plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence (AI) infrastructure over the next three years.
This bold move exceeds the company’s total spending in AI and cloud computing over the past decade and underscores its ambition to lead China’s fast-evolving technology landscape.
During its latest quarterly earnings announcement, Alibaba reported revenue of 280.15 billion yuan for the three months ended December 31—slightly ahead of analysts' estimates. The massive investment is part of Alibaba’s broader strategy to capitalize on growing opportunities in AI and cloud services, as it seeks to maintain a competitive edge amid increasing market pressures.
Investors have responded positively to the news, with Alibaba’s stock rising more than 68% this year as the company positions itself as a frontrunner in China’s AI race. Strategic business deals and technological advancements are expected to further bolster the company’s market leadership.
Alibaba’s investment comes at a time when other Chinese tech giants are also ramping up their spending on AI. For instance, ByteDance—the parent company of TikTok—has earmarked over 150 billion yuan in capital expenditure for this year, much of which will be directed towards AI innovation.
As Alibaba prepares to deploy its substantial new funding, industry watchers will be keen to see how this infusion of capital transforms its cloud computing capabilities and drives further breakthroughs in AI technology.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
Around 2,145 senior-ranking employees at the U.S. National Aeronautics and Space Administration (NASA) are set to leave under a push to shed staff, Politico reported on Wednesday citing documents obtained by the news outlet.
A woman from Guadeloupe has become the only known person in the world with a newly discovered blood group, which French scientists have named “Gwada negative.”
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Matt Turnbull, executive producer at Xbox Game Studios Publishing, faced criticism after a LinkedIn post recommending artificial intelligence tools to help employees deal with the emotional impact of job cuts.
A Chinese-made robot dog named Black Panther has reached a top speed of 10.3 metres per second (34 feet per second), setting a new world record for robotic dogs and approaching the speed of elite human sprinters, according to state media Xinhua News.
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