Alibaba Group Holding Ltd. has announced a significant investment plan of over 380 billion yuan ($53 billion) in AI infrastructure, including data centers, over the next three years. This commitment highlights the company’s ambition to become a leader in artificial intelligence. Founded by Jack Ma, the internet giant intends to allocate more resources to its AI and cloud computing network than it has in the past decade. Alibaba aims to be a crucial partner for companies that develop and apply AI technologies, especially as models require increasing amounts of computing power. — news from Bloomberg
