China’s Alibaba to invest $50 bn in AI, cloud computing
AFP | Gaza City
Email : editor@newsofbahrain.com
Chinese tech giant Alibaba said yesterday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.
Investors have piled into Chinese technology stocks since the start of the year, with Alibaba -- which runs some of the country’s biggest online shopping platforms -- seeing its shares soar to three-year highs.
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