Chinese giant Alibaba posts profit drop amid AI drive
RTE
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Chinese tech behemoth Alibaba has today posted an 18% drop in net profit during its most recent fiscal year, weighed by challenges in the domestic economy and an expensive push into artificial intelligence.
Alibaba AI and cloud revenue jumps
- Alibaba’s Quarterly Profitability Still Under Pressure Wall Street Journal —
- Alibaba's profit nearly vanished but cloud revenue surged on AI demand Quartz —
- Alibaba AI revenue logs triple-digit growth for 11th quarter amid strategic reshuffle South China Morning Post —
- Alibaba misses Q4 topline street views Seeking Alpha —
- Alibaba says full-stack AI investments have gone from incubation to commercialization Seeking Alpha —