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Alibaba plans massive $53B investment in cloud and AI over three years to boost tech capabilities.
Alibaba plans to invest over $53 billion in cloud computing and AI infrastructure over the next three years, aiming to boost its technological capabilities and compete globally.
This investment, larger than its past AI and cloud spending, follows a meeting between Alibaba co-founder Jack Ma and President Xi Jinping.
The move also comes amid a surge in Chinese tech stock values, with Alibaba's shares reaching three-year highs.
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Alibaba planea una inversión masiva de $53B en cloud e IA durante tres años para aumentar las capacidades tecnológicas.