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Alibaba’s AI Pivot and What It Means | Durham News
Alibaba is betting big on AI, raising $10.2 billion to transform from an e-commerce giant into a full-stack AI powerhouse—diluting shares now for a future showdown with Amazon, Microsoft, and Google. With cloud and AI revenue soaring 45% and capex up 75%, the company’s strategy mirrors tech titans: controlling chips, computing, models, and apps. CEO expects break-even in three years, risking short-term profits and shareholder dilution for long-term dominance. This bold move could spark global AI competition, potentially lowering costs and boosting innovation across industries. Listen in…
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