Alibaba and NBA Partners on Multi-Year AI and Cloud Deal
Chinese e-commerce enterprise Alibaba Group declared on Thursday a multi-year strategic alliance with the National Basketball Association to deliver artificial intelligence and cloud computing solutions. In accordance with the agreement, Alibaba shall develop applications aimed at enriching fan experiences on the NBA application within China. At the same time, NBA
Alibaba Shares Grew After Its Place in AI Big Moves
Alibaba Group Holding Ltd.’s stock has risen the most in about two weeks after the company announced a series of moves intended to solidify its position in China’s AI development boom. The E-commerce leaders have achieved over 7% in early Hong Kong sales, mirroring overnight growth in the US. The
$53 Billion AI Revolution: Alibaba’s Boldest Move Ever
In the latest turn of events, Alibaba Group Holding Ltd. plans to invest more than 380 billion yuan, roughly amounting to $53 billion in the coming 3 years, to develop data centres to fuel its ambition of becoming the leader in AI. Alibaba, the internet giant co-founded by Jack Ma,
Alibaba’s AI Model Outperforms DeepSeek R1 AI Model
Asian countries like China are making huge waves in AI amidst the ongoing technological revolution. Recently, DeepSeek, a Chinese company, released its AI model that surpassed ChatGPT’s performance. Now, the e-commerce giant Alibaba has released its own AI model, Qwen 2.5-Max, which the company claims will beat the performance of
Tough Time For China’s Tech Leaders- Alibaba and Tencent
China’s leading firms, Alibaba Group Holding Ltd. and Tencent Holdings Ltd., have reported lacklustre financial results for the latest quarters, reflecting the mounting economic and geopolitical challenges weighing on the industry. The disappointing numbers underscore these economies’ hurdles as they navigate slowing domestic growth and strained international relations. Tencent, known
