Alibaba CEO: No AI Bubble, Aggressive Investment in AI Infrastructure
Update: 2025-11-26
Description
Alibabas CEO, Eddie Wu, dismisses AI bubble fears, emphasizing surging demand outpacing supply. Despite a 53% net income drop due to AI and marketing investments, Alibabas cloud division, including new Qwen platform, grew by 34%. Wu plans to aggressively invest in AI infrastructure, potentially exceeding previous projections.
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