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08.10.26 - 13:36
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Alibaba′s AI cloud revenue set to surge over 50% as investment blitz pays off: analysts (SCMP)
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Alibaba Group Holding is expected to report a 50 per cent revenue surge for its cloud and artificial intelligence unit for the September quarter, driven by strong returns on its aggressive AI investments, according to analysts.
Analysts across several financial institutions projected revenue growth for the Chinese tech giant's AI Cloud and Compute Services unit to have accelerated in the three months ended September 30, up from the 45 per cent growth seen in the preceding quarter.
The unit's......
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21.08.26 - 04:06
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Alibaba guides AI cloud revenue toward US$10 billion run-rate next quarter (Digitimes)
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Alibaba is signaling that its most capital-intensive bet yet — a three-year, CNY380 billion (US$56.33 billion) buildout of AI compute — is starting to compound into a self-reinforcing growth cycle, even as the near-term cost of that buildout shows up in a sharp swing in capital spending and a steep drop in group profitability....
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21.08.26 - 02:01
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Alibaba Profit Dives 75% as AI Spending Ratchets Up (Bloomberg)
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Alibaba Group Holding Ltd.'s profit plunged more than 75% after the company increased quarterly capital spending to almost $10 billion to safeguard its position in the global AI arena. Bloomberg's Minmin Low reports. (Source: Bloomberg)...
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