Alibaba to invest $52 billion in AI and cloud over three years
“Although $52 billion is a lot of money, every US-based hyper scaler is committing more than this to AI already,” said Hyoun Park, CEO and chief analyst at Amalgam Insights. “AWS is committing roughly $100 billion to new capital expenditures next year, most of which is servers for AI-related use cases. Microsoft plans to spend $80 billion which Satya Nadella has very publicly committed to. And Google has committed roughly $75 billion this year for…
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