Alibaba to Invest $53 Billion in AI Infrastructure

Hangzhou, China - Chinese e-commerce giant Alibaba Group announced plans to invest $53 billion (380 billion yuan) over the next three years to bolster its artificial intelligence (AI) and cloud computing infrastructure. This investment aims to strengthen technological innovation and drive AI growth, exceeding the company's total spending on these sectors in the last decade. The move signals Alibaba's focus on AI-driven growth and its role as a leading global cloud provider. Jack Ma, Alibaba's co-founder, previously discussed collaboration between China's tech sector and regulatory authorities with President Xi Jinping.