With the stock still inexpensive and a turnaround taking hold, Alibaba remains an attractive investment. The company is becoming a Chinese AI leader, which should help lift its valuation multiple, while flipping its AIDC business to profitability should also be a nice lift to earnings.
The scramble for talent comes as Chinese start-up DeepSeek sets off a national frenzy to adopt AI in various industries.
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.
The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure.
Alibaba releases free AI video model Wan2.1, boosting competition with OpenAI as China pushes open-source tech to drive innovation.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain consumer sentiment and decelerating economic
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial intelligence across several of its divisions such as e-commerce and consumer applications.
A group of AI researchers have discovered a curious phenomenon: models say some pretty toxic stuff after being fine-tuned on insecure code.