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Alibaba Announces Investment of RMB380B+ over Next 3 Yrs to Build Cloud, AI Hardware Infra
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BABA-W (09988.HK)(BABA.US) Group CEO Eddie Wu announced that Alibaba will in the next three years invest more than RMB380 billion in building cloud and AI hardware infrastructure, which is more than the total amount invested in the past ten years, setting a record for the largest-ever investment by a private enterprise in the field of cloud and AI hardware infrastructure construction. Wu pointed out that the AI explosion has far exceeded expectations, and the technology industry in mainland China is booming with humungous potential. He said Alibaba will spare no effort to accelerate the construction of cloud and AI hardware infrastructure and boost the development of the entire industry ecosystem. AAStocks Financial News |
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