The company is reportedly assessing potential sites for the facility, with Louisiana, Wyoming, and Texas emerging as possible locations.
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.
For a long time, Alibaba has been seen as undervalued by famous investors such as David Tepper, Michael Burry and many others who have been holding Alibaba for a few quarters, as well as multiple authors on this platform.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China.
Alibaba Group Holding Ltd. has announced an ambitious plan to invest over 380 billion yuan ($53 billion) in AI infrastructure over the next three years. Alibaba joins global AI race by investing $53 billion in AI infrastructure to expand its data centers and computing capabilities.
NVIDIA, Meta Platforms, Apple, Microsoft, and Alibaba Group are the five Technology stocks to watch today, according to MarketBeat’s stock screener tool. Technology stocks refer to shares of companies that are involved in the development,
Alibaba CEO’s focus on theoretical technology comes after a good few years for the e-commerce giant and Qwen maker.
Alibaba, co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade.
Alibaba (BABA) and others approached DeepSeek about funding after its rise, but DeepSeek CEO Liang Wenfeng is cautious, The Information’s Juro
Alibaba Group (NYSE: BABA) has announced plans to invest $53 billion (¥380 billion) in artificial intelligence (AI) and cloud computing infrastructure over the next three years, marking its largest-ever investment in these fields.