Alibaba targets $10.2B funding for AI
The Chinese group Alibaba announced its intention to issue new shares worth $10.2 billion in Hong Kong, aiming to fund its expansion in artificial intelligence. This move comes after the company achieved revenues of $40 billion in the last quarter, with rising demand for its AI-powered products, especially the "Qing" model. The group is focused on expanding its AI infrastructure and enhancing its technological capabilities through the new revenues.
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