What to know about Alibaba's AI investing plans
BABA(US:BABA) CNBC Televisionยท2025-09-24 20:44Well, shares of Alibaba jumping today as the company says it'll spend about $53 billion over the next few years to build out its AI ambitions. That stock has been on a heater over the last month, up more than 40%. Ununice Yun is live in Beijing with more on China's AI move.Ununice, >> thanks John. Well, Alibaba revealed a bigger commitment to AI. The CEO told the developer conference that the spending on AI infrastructure would exceed its $ 53 billion plan over three years.Uh that the cloud unit would open ...