Alibaba, co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade.
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Chinese e-commerce giant Alibaba's capex tripled year-on-year to $10 billion in 2024, with a planned investment in AI and cloud infrastructure over the next three years forecast to top what it allocated over the past decade.
Alibaba, co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade.
The investment exceeds Alibaba's total AI and cloud spending over the past decade.
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