Chinese tech giants Alibaba and Huawei are establishing a parallel cloud and AI ecosystem, challenging U.S. providers like AWS and Microsoft. Alibaba Cloud, the fourth largest globally, operates 89 availability zones, while Huawei Cloud has 101. Both are leveraging a boom in AI, with Alibaba planning a $53 billion investment over three years and reporting a 26% revenue jump to $4.6 billion. Experts caution U.S. firms to monitor these developments in emerging markets such as Latin America and the Middle East.
Chinese tech giants Alibaba and Huawei are establishing a parallel cloud and AI ecosystem, challenging U.S. providers like AWS and Microsoft. Alibaba Cloud, the fourth largest globally, operates 89 availability zones, while Huawei Cloud has 101. Both are leveraging a boom in AI, with Alibaba planning a $53 billion investment over three years and reporting a 26% revenue jump to $4.6 billion. Experts caution U.S. firms to monitor these developments in emerging markets such as Latin America and the Middle East.