Alibaba quarterly profit drops 75% as AI investment spending grows

Technology

Alibaba Quarterly Profit Drops 75% As Ai Investment Spending Grows

By ABC News - Breaking News, Latest News and Videos

HONG KONG -- HONG KONG (AP) — China’s technology giant Alibaba on Thursday reported a 75% drop in profit for the latest quarter as it invested big in artificial intelligence infrastructure, even as revenue coming from its AI-related services gained 4 ...Read more

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