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Alibaba's Profit Dives 75% After Amping Up AI Spending

Alibaba's net income tumbled three-quarters to 10.5 billion yuan ($1.6 billion) and it registered a free-cash outflow of more than $6.6 billion, reflecting the rising cost of AI projects and computing infrastructure.

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NDTVCenter·1h ago
Alibaba's Profit Dives 75% After Amping Up AI Spending
Alibaba's net income tumbled three-quarters to 10.5 billion yuan ($1.6 billion) and it registered a free-cash outflow of more than $6.6 billion, reflecting the rising cost of AI projects and computing infrastructure.
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Alibaba's Profit Dives 75% After Amping Up AI Spending

How 1 sources are covering this

Alibaba's Profit Dives 75% After Amping Up AI Spending

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