Alibaba quarterly profit drops 75% as AI investment spending grows
HONG KONG (AP) — China’s technology giant Alibaba on Thursday reported a 75% drop in profit for the latest quarter as it invested big in artificial intelligence infrastructure, even as revenue coming from its AI-related services gained 45%. The Hong Kong- and U. S. -listed company, which started out in e-commerce and online retail but is increasingly focused on AI technologies, said that its profit for April-June was at 10. 5 billion yuan ($1. 6 billion), down from 43. 1 billion yuan ($6...
Read MoreTech News
- Alibaba quarterly profit drops 75% as AI investment spending grows
- Meta defends its child safety efforts but critics say the social media giant falls short
- FTC proposal would require retailers to be transparent about personalized pricing
- Former Meta engineer says Instagram took a dont ask, dont tell approach on kids under 13
- China successfully recovers rocket stage on land for the first time
- From robot dogs to helpers, China puts robotics ambitions on display at world conference
- Shares in Chinese humanoid robot maker Unitree soar in its Shanghai trading debut
- A warehouse burns near Moscow. In Ukraine, drone crews prepare to strike again
- Trial for Meta begins with states arguing its platforms preyed on vulnerability of young brains
- In Metas trial, families of social media victims see a pivotal moment for online safety
Copyright © 1996 - 2026 CoreComm Internet Services, Inc. All Rights Reserved. | View our Privacy Policy
CoreComm is not responsible for content on external sites. Please review the privacy and security policies of each vendor before making online purchases or providing personal information. Forecast Information Provided by AccuWeather.