Alibaba's AI Spending Spree, Concerns of Circular AI Financing

"BLOOMBERG TECH" IS LIVE THE HEART OF SILICON VALLEY WITH ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH. " COMING UP, ALIBABA'S PROFIT PLUNGES MORE THAN 75% AFTER THE COMPANY INCREASED ITS QUARTERLY CAPEX TO ALMOST $10 MILLION FOR AI. PLUS, META HAS QUIETLY BECOME ONE OF MICROSOFT'S LARGEST AI CUSTOMERS, REVIVING CONCERNS OF CIRCULAR FINANCING. WE WILL HAVE THE DETAILS. A DEFENSE TECH STARTUP HITS A $13 BILLION VALUATION. WE WILL DISCUSS HOW THE COMPANY PLANS TO USE ITS LATEST FUNDING TO BOOST ...