Alibaba's AI Spending to Exceed Goals on Signs of Payoff, Says Margin 'Secondary' As China's e commerce giant Alibaba continues to invest heavily in artificial intelligence research and development, executives are claiming that their technology investments are finally paying off commercially.
The company is exceeding its planned AI investment target by 30%, a move being seen as a sign that the tech sector is becoming increasingly frenzied.
Alibaba's Cloud Intelligence Group has seen revenue rise 38% year over year, but adjusted earnings per American Depository Share came in at just 0. 62 yuan, falling short of estimates.