The Chinese Holding Group of Ali Baba said on Monday that it intends to invest more than 380 billion yuan ($ 53 billion) in its infrastructure for cloud computing and artificial intelligence during the next three years. It is a major commitment that confirms the aspirations of the pioneer of e -commerce to become a leader in the field of artificial intelligence.
Ali Baba, the e -commerce giant, said that she had plans to invest in the sector during the announcement of her business results last Friday, but she did not mention a specific number at the time.
The company announced revenues of 280.15 billion yuan (39 billion dollars) for the three months ending December 31, slightly exceeding the analysts’ estimates, and an increase in revenue by 8% compared to the same period in 2023.
The company said that the total investment amount exceeds the company’s spending in the field of artificial intelligence and cloud computing over the past decade.
The company started this year in the lead in the artificial intelligence race in China, as it attracted investors with strategic commercial deals. Her share increased by more than 68% this year until the latest trading.
The company said in its official blog that it imagines to become a major partner for companies that work to develop and apply artificial intelligence in the real world with the development of models and the need for increasing amounts of computer power.
This goal is one of the largest budgets for artificial intelligence in China, which confirms Ali Baba’s increasing ambitions in this field.
“This also records a record for the largest investment ever by Chinese private companies in the field of creating infrastructure for cloud devices and artificial intelligence,” Alicia Group wrote, adding that the amount exceeded its estimates of about 30 billion yuan.
In January, Reuters reported that other Chinese companies are also investing in the sector, as the Chinese owner’s byte Dance has allocated to the Tech Tok application, more than 150 billion yuan (21 milliliters) in capital spending for this year, most of which will focus on artificial intelligence according to well -informed sources .
