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Alibaba bets on AI to fuel cloud growth as it expands globally to catch up with U.S. tech giants - TL;DR CNBC

Alibaba bets on AI to fuel cloud growth as it expands globally to catch up with U.S. tech giants

Publishing timestamp: 2024-05-23 08:40:40


Summary

Alibaba is expanding its cloud computing availability to Mexico and other key markets, betting on AI products and signing up more customers to reignite growth after a turbulent time for its cloud division. The company is focusing on its large language model and AI tools to stay competitive in the market.


Sentiment: NEUTRAL

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Keywords: mexicobusiness newsmicrosoft corpcloud computinggenerative aiinternettencent holdings ltdbaidu incthailandartificial intelligencesouth koreatechnologymalaysiaalibaba group holding ltdamazon.com incenterpriselvmh moet hennessy louis vuitton sechinaalphabet class calphabet inc

Source: https://www.cnbc.com/2024/05/23/alibaba-bets-on-ai-to-fuel-cloud-growth-as-it-expands-globally.html


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