Alibaba To Invest Around USD 53 Billion in Cloud and AI Infrastructure Over Next 3 Years
Alibaba Group plans to invest USD 53 billion in cloud computing and AI infrastructure to boost innovation and growth over the next three years.
Alibaba Group has announced a major investment of RMB 380 billion (approximately USD 53 billion) over the next three years. As per the official blog post, the investment will be directed to enhance its cloud computing and artificial intelligence (AI) infrastructure. It will surpass Alibaba’s total AI and cloud spending from the past decade. The investment is said to help Alibaba to scale its AI capabilities and cloud infrastructure so that businesses and developers have the tools to innovate and grow. MWC 2025: South Korean Telcos To Showcase AI Technologies at Upcoming Mobile World Congress.
Alibaba To Invest Around USD 53 Billion in AI Infrastructure
BREAKING: Alibaba pledges to invest over $53 billion on AI infrastructure
— The Spectator Index (@spectatorindex) February 24, 2025
(The above story first appeared on LatestLY on Feb 24, 2025 11:04 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
