Alibaba Posts Weaker Earnings Amid Heavy AI Investments

Date:




Alibaba’s earnings slumped in its fiscal first quarter, as the Chinese e-commerce titan continued to invest heavily in artificial intelligence, racing to preserve its lead in the AI sector.



Source link

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Samsung Plans Biggest-Ever Buyback Amid AI Windfall

The Korean company’s plan to buy back as much...

A magnitude 6.7 earthquake has shaken Peru’s southern Andes, USGS says

A magnitude 6.7 earthquake has shaken Peru’s southern Andes,...

Charter plane carrying 8 crashes near remote radar site in western Alaska, NTSB says

Two pilots and six passengers were aboard the aircraft,...