Alibaba invests $52 billion in artificial intelligence and cloud technologies

Chinese Corporation Alibaba announced plans to invest 380 billion yuan (about $52 billion) in the development of cloud platforms and artificial intelligence (AI) over the next three years. This was announced by the General Director of the company Wu Yunming.

According to him, the rapid development of AI has exceeded the forecasts of experts, and the Chinese technology industry is experiencing a boom, having a huge potential for growth. In an interview with the publication Pengpai He noted that Alibaba intends to accelerate the development of hardware infrastructure for cloud services and artificial intelligence. It is noteworthy that the planned investment for three years will exceed all the company's investments over the past decade.

Wu Yongming stressed that Alibaba will continue to strengthen its position in the field of e-commerce services both in the Chinese and international markets, and develop AI technologies, cloud computing and new products for online platforms.

At the end of January, a subsidiary Alibaba Cloud introduced a new one Qwen2.5-Max AI model, which, according to the developers, surpassed the system DeepSeek. Recall that the Chinese company DeepSeek previously released an updated version of its chatbot, which, according to its creators, surpassed the latest version. ChatGPT from OpenAI. Experts note that Chinese developers have achieved such results at a lower cost compared to their American competitors.

On February 17, a symposium was held in Beijing, where the President of the People's Republic of China Xi Jinping I met with business representatives. He stressed that the difficulties that arise in the process of transforming the Chinese economy are temporary and solvable, and also noted the importance of a strategic vision and sustainable follow-up to the planned course of development.