Tag: Qwen
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Alibaba’s AI Push Hurts Profit
Alibaba’s AI Ambitions Collide with Profit Realities As Alibaba Group pours billions into AI infrastructure amid surging demand for its cloud services, the company’s fiscal third-quarter 2026 earnings revealed a stark trade-off: revenues ticked up modestly to RMB 284.8 billion ($41.3 billion), a 2% year-over-year increase—or 9% excluding divested units—but operating profit cratered 74% to…
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Alibaba Shares Surge
Alibaba’s shares surged more than 4% on Monday, propelled by Wall Street analysts sharply raising price targets in response to the company’s aggressive AI and cloud expansion signals. Morgan Stanley lifted its target from $165 to $200, forecasting Alibaba Cloud revenue growth accelerating to 32% in fiscal 2026 and 40% in 2027, while Jefferies jumped…
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Alibaba Bets Big on AI
Alibaba’s AI Ambitions Take Center Stage Alibaba’s recent announcement to spend $3 billion on its Qwen chatbot app has sent shockwaves through the tech industry, signaling a significant escalation in the company’s artificial intelligence (AI) investments. This move is particularly noteworthy given the timing, coinciding with the Lunar New Year, a period when Chinese tech…