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Alibaba Cloud Promotes Transformation, Growth of Asian Firms w/ 'Cloud + AI' Strategy
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BABA-W (09988.HK)'s Alibaba Cloud capitalized on the surging demand for AI, and continued to drive technological innovations in a number of industries, including technology development, imaging, travel, beauty and healthcare, according to Alibaba Cloud. With its “Cloud + AI” development strategy, Alibaba Cloud realized significant growth in revenue from external customers. According to BABA-W's newly announced financial results for the second quarter ended 30 September 2024, the public cloud business achieved double-digit growth, while revenue from AI-related products recorded triple-digit growth for 5 consecutive quarters. Over the past year, enterprises are using Alibaba Cloud's leading cloud solutions to reshape operations and customer experience, including upgraded AI infrastructure, self-developed large language model (LLM) series Tongyi Qwen and advanced AI analytics. These technologies and products are not only operational tools, but also catalysts to drive the digital transformation of enterprises, enhancing customer experience and operational efficiency across Asia. AAStocks Financial News |
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