Alibaba to Invest $53 Billion in AI Data Centers
Alibaba Group plans to invest $53 billion in artificial intelligence (AI) infrastructure over the next three years.
The investment will fund AI data centers as demand grows for large-scale model training and storage.
This move aligns with Alibaba’s goal of becoming a key AI partner and marks a push to recover from setbacks caused by China's regulatory crackdown in 2020.
Alibaba faces competition from global tech giants like OpenAI, Microsoft, Alphabet, Meta, and Amazon, all investing billions in AI infrastructure.
China previously blocked Alibaba’s Ant Group IPO, which was set to raise $37 billion, after Jack Ma criticized the country’s financial regulations.
