China's Alibaba to Invest $50 bn in AI, Cloud Computing

This is Beirut, 10:45 - Reading : 2 minute(s)

Alibaba AI Jack Ma Cloud computing

Chinese tech giant Alibaba said Monday 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 ...