Alibaba to invest over $52 billion in AI and cloud infrastructure over next three years (BABA:NYSE)


Alibaba company logo on office building

Robert Way

Chinese tech company Alibaba (NYSE:BABA) on Monday unveiled plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence infrastructure over the next three years.

The investment, which exceeds Alibaba’s total AI and cloud spending


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