Alibaba to invest more than $52 billion in AI over next 3 years-February 2024-www.financetom.com

Alibaba to invest more than $52 billion in AI over next 3 years

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Alibaba to invest more than $52 billion in AI over next 3 years

Feb 23, 2025 6:09 PM

Feb 24 (Reuters) - Alibaba ( BABA ) said on Monday it

plans to invest at least 380 billion yuan ($52.44 billion) in

its cloud computing and artificial intelligence infrastructure

over the next three years.

($1 = 7.2470 Chinese yuan renminbi)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Varun H

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