Alibaba Group is investing $53 billion in cloud computing and AI over the next three years, marking a significant tech investment. This decision follows a meeting between Xi Jinping and Jack Ma, raising hopes for government support. CEO Eddie Wu highlighted AI's potential to transform industries and improve customer experience. Alibaba's Q4 2024 results showed an 8% revenue increase, with AI-related product revenue growing significantly. Teljes cikk (Euronews.com)