Alibaba's CEO Says He Doesn't See 'Much of an Issue' with an AI Bubble and Plans to Invest 'Aggressively'

Alibaba’s CEO says he doesn’t see ‘much of an issue’ with an AI bubble and plans to invest ‘aggressively’

Alibaba’s CEO, Eddie Wu, brushed off AI bubble fears and said that the Chinese tech giant plans to invest aggressively in AI. XU KANGPING / Feature China/Future Publishing via Getty Images Alibaba CEO Eddie Wu says he doesn’t see “much of an issue” with an AI bubble. Wu said AI demand is outpacing global chip supply, and the company plans to invest “aggressively.” The Chinese tech giant posted a 5% increase in revenue year-over-year for its Sep…

Alibaba's CEO says he doesn't see 'much of an issue' with an AI bubble and plans to invest 'aggressively'

Alibaba's CEO, Eddie Wu, brushed off AI bubble fears and said that the Chinese tech giant plans to invest aggressively in AI.XU KANGPING / Feature China/Future Publishing via Getty ImagesAlibaba CEO Eddie Wu says he doesn't see "much of an issue" with an AI bubble.Wu said AI demand is outpacing global chip supply, and the company plans to invest "aggressively."The Chinese tech giant posted a 5% increase in revenue year-over-year for its Septembe…

Riding the AI Wave: Alibaba Shares Rise As Accelerated Cloud Sales Drive 34% Jump

Alibaba Group Holding signaled on Tuesday that it is prepared to aggressively ramp up capital expenditures beyond its already massive projections, betting the company’s future on an artificial intelligence boom that CEO Eddie Wu describes as “highly definitive.” The Chinese tech titan reported accelerated sales at its pivotal cloud division, sparking a premarket rally of […] The post Riding the AI Wave: Alibaba Shares Rise As Accelerated Cloud S…

Alibaba's Revenue Surges, Thanks to Fast Delivery and AI Investments: Outpaces Quarterly Estimates

read the original version on: www.retailnews.asia In Tuesday’s quarterly report, Alibaba, the Chinese e-commerce behemoth, exceeded analysts’ revenue predictions. This success was primarily attributed to the company’s significant investments in one-hour delivery services, which attracted more users to its shopping applications. Additionally, the company’s cloud division demonstrated remarkable growth. Share Performance and Revenue Following the …

Alibaba Cloud Revenue Surges 34% in Q2 FY2025 on AI Growth

Alibaba’s AI-Powered Cloud Boom: Riding the Wave of Generative Demand in China’s Tech Renaissance In the bustling world of global cloud computing, Alibaba Group Holding Ltd. has emerged as a formidable player, particularly in its home market of China. The company’s latest earnings report for the fiscal second quarter of 2025 reveals a striking 34% year-over-year growth in cloud revenue, propelled largely by surging demand for artificial intellig…