Alibaba to boost AI spending as China tech giant sees AGI as new start

scmp.com/tech/big-tech/article/3326624/alibaba-boost-ai-spending-china-tech-giant-sees-agi-new-start

Alibaba Group Holding plans to increase its capital expenditures on artificial intelligence infrastructure from the original 380 billion yuan (US$53 billion) over the next three years, the group’s CEO said on Wednesday.
Eddie Wu Yongming, also the chairman of Alibaba Cloud, said at the…

This story appeared on scmp.com, 2025-09-24 03:29:36.
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