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BABA-W Mulls Adding AI/ Cloud Computing Investment to RMB480B Next 3 Yrs: Hearsay
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BABA-W (09988.HK) is weighing an increase in its investment in AI infrastructure and cloud computing over the next three years from RMB380 billion to RMB480 billion, according to the Chinese media outlet LatePost. To support its AI strategy, Alibaba has been active in enhancing its computing power, report told. Domestically, it has developed its own chip, Zhenwu 810E, while internationally, it has purchased a large number of GPUs, even aggressively acquiring consumer-grade RTX4090 graphics cards to build inference clusters. AASTOCKS Financial News Website: www.aastocks.com |
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