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.
Beijing, February 24, 2025 – A newly identified bat coronavirus, designated HKU5-CoV-2, has been found to enter human cells using the same cell-surface protein as SARS-CoV-2, the virus responsible for COVID-19, according to a study published in the journal Cell.
New York, February 24, 2025 – Roberta Flack, the iconic singer known for her soulful renditions of classics such as “Killing Me Softly With His Song,” has died at the age of 88. Flack passed away Monday at her home, surrounded by family, according to a statement from her publicist.
Berlin, February 24, 2025 – Germany’s likely next chancellor, Friedrich Merz, declared on Monday that he would work to ensure Israeli Prime Minister Benjamin Netanyahu can visit Germany without facing arrest under an International Criminal Court (ICC) warrant.
Doha, Qatar, February 23, 2025 – Qatar's government has entered into a five-year partnership with San Francisco-based Scale AI to deploy a range of AI-powered tools aimed at improving public services.
A recent discovery has revealed that ancient artifacts from the Treasure of Villena were crafted using metal from meteorites, offering new insights into early metalworking techniques in the Iberian Peninsula.
A Delta Air Lines regional jet flipped upside down upon landing at Toronto Pearson Airport on Monday, injuring 18 people. Officials are investigating whether strong winds and snow played a role in the incident.
Polish startup Clone Robotics has unveiled Protoclone, the world’s first anatomically accurate humanoid robot, featuring artificial muscles, bones, and joints that enable lifelike movements.
Berlin, February 21, 2025 – German citizens will head to the polls on Sunday, February 23, for a snap general election after the coalition government collapsed late last year.
A dialogue between US and Russian delegations has begun in Riyadh, the capital of Saudi Arabia. The Russian Ministry of Foreign Affairs has confirmed the development in an official statement.
Geneva, February 24, 2025 – A new analysis by the International Agency for Research on Cancer (IARC), the World Health Organization’s (WHO) cancer agency, forecasts a significant rise in both breast cancer diagnoses and deaths worldwide by 2050.
Shanghai, February 24, 2025 – Tesla Inc. is preparing a software update for its Chinese customers that will enable advanced driving-assistance features similar to its full self-driving (FSD) capabilities available in the United States.
Cupertino, CA, February 24, 2025 – Apple Inc. announced on Monday plans to add 20,000 new US jobs and produce AI servers domestically as part of a $500 billion investment over the next four years.
Doha, Qatar, February 23, 2025 – Qatar's government has entered into a five-year partnership with San Francisco-based Scale AI to deploy a range of AI-powered tools aimed at improving public services.
Bengaluru/Beijing/Brasília, February 24, 2025 – Competition in low-Earth orbit is heating up as Chinese state-backed satellite internet providers and other global rivals ramp up efforts to challenge Elon Musk’s Starlink.
Beijing, February 24, 2025 – A newly identified bat coronavirus, designated HKU5-CoV-2, has been found to enter human cells using the same cell-surface protein as SARS-CoV-2, the virus responsible for COVID-19, according to a study published in the journal Cell.
New York, February 24, 2025 – Roberta Flack, the iconic singer known for her soulful renditions of classics such as “Killing Me Softly With His Song,” has died at the age of 88. Flack passed away Monday at her home, surrounded by family, according to a statement from her publicist.
Berlin, February 24, 2025 – Germany’s likely next chancellor, Friedrich Merz, declared on Monday that he would work to ensure Israeli Prime Minister Benjamin Netanyahu can visit Germany without facing arrest under an International Criminal Court (ICC) warrant.
Doha, Qatar, February 23, 2025 – Qatar's government has entered into a five-year partnership with San Francisco-based Scale AI to deploy a range of AI-powered tools aimed at improving public services.
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