Alibaba Raises $10.2B As China’s AI Race Gets More Expensive
Alibaba has priced a $10.2 billion Hong Kong share placement to fund chips, infrastructure and AI models as China's AI ...
Tag: Alibaba Cloud
Alibaba Profit Falls 75% As AI Spending Hits Nearly $10B
Alibaba's quarterly profit fell 75 percent as capital expenditure jumped to nearly $10 billion, even as AI cloud revenue accelerated.