Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding16m ago Instagram now lets you add tagged photos to your profile grid17m ago Sure, Meta’s AI Muse works, but it sure creeps me out17m ago AI agents are flooding public services with new requests23m ago The iPhone Duo just might live up to the hype23m ago People are flooding X with joke resignation announcements imitating the viral AI extinction warning25m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities34m ago Antioch raises $32m to test robots in simulation before they touch hardware41m ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit57m ago 10 of the scariest AI villains in movie history58m ago Maven Robotics wants to steal your robot deployment deal59m ago Agent Security Is Not AI Governance: Why Conflating The Two Is A Risk Enterprises Can't Afford1h ago Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges1h ago 7 Steps to Become a Forward Deployed Engineer in 20261h ago

Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding16m ago Instagram now lets you add tagged photos to your profile grid17m ago Sure, Meta’s AI Muse works, but it sure creeps me out17m ago AI agents are flooding public services with new requests23m ago The iPhone Duo just might live up to the hype23m ago People are flooding X with joke resignation announcements imitating the viral AI extinction warning25m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities34m ago Antioch raises $32m to test robots in simulation before they touch hardware41m ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit57m ago 10 of the scariest AI villains in movie history58m ago Maven Robotics wants to steal your robot deployment deal59m ago Agent Security Is Not AI Governance: Why Conflating The Two Is A Risk Enterprises Can't Afford1h ago Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges1h ago 7 Steps to Become a Forward Deployed Engineer in 20261h ago

Business & Enterprise AI Research5 min reading time

Alibaba’s profit fell 75% as quarterly AI spending hit $10bn

The Next WebPublished 21 days ago

Alibaba's net profit dropped 75% in Q2 due to a $10bn surge in capital spending aimed at AI infrastructure and cloud expansion. Its cloud unit grew revenue by 45% and doubled profits, while a new AI segment increased losses amid rising investments.

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Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping
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Alibaba Raises $10 Billion in Record Hong Kong Share Sale
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#ai-infrastructure #alibaba #cloud-computing #enterprise-ai #omdia #toby-xu

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