Alibaba, the fourth largest cloud company in the world, unveils plans to invest $53 billion in AI infrastructure as China’s largest cloud provider seeks to become a more dominant global AI player.

Alibaba's Cloud Intelligence Group posted year-on-year sales growth of 13% to 31.742 billion yuan in the three months to the end of December. Alibaba shares jumped on Thursday after the Chinese ...

Alibaba plans to "invest at least 380 billion yuan ($53 billion) over the next three years to advance its cloud computing and AI infrastructure", a company statement said. The firm said its ...

Alibaba Cloud, the cloud computing unit of Chinese tech heavyweight Alibaba Group has introduced its latest open-source large language model QwQ-32B, with its performance comparable to leading ...