Chinese Giant Alibaba to Invest Over $52 Billion in AI Over the Next Three Years

Posted under: Tech Move
Date: 2025-02-24
Alibaba to invest more than $52 billion in AI | Justo Global

Analytics India Magazine reported that Alibaba plans a substantial investment exceeding $52 billion in cloud computing and AI over the next three years. This investment signifies Alibaba's ambition to become a leading AI infrastructure provider, aiming for AGI. The company's CEO, Eddie Wu, emphasized AI as a transformative opportunity and Alibaba Cloud's crucial role in delivering AI intelligence. Alibaba's Qwen series of AI models, including the recently launched Qwen 2.5 Max, demonstrates the company's technological advancements in the field. 

Read more at: analyticsindiamag.com