cloud-computing

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Temas relacionadosAlibaba AI Revenue Projections Cloud Computing Eddie Wu Yongming magnificent seven earnings report artificial intelligence cloud computing

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Alibaba Expects AI Revenue to Reach $4.42 Billion by Year-End

NOTICIA

13.05.2026Resumen IA

Alibaba Expects AI Revenue to Reach $4.42 Billion by Year-End

Alibaba Group projects AI-driven annualised recurring revenue to hit $4.42 billion by year-end, with AI products expected to generate over 50% of cloud-computing revenue within a year, driven by triple-digit growth in AI-related products for the 11th consecutive quarter.

SCMP Tech

Magnificent Seven Tech Giants Report Strong Earnings as AI Investments Pay Off

En desarrollo

Business·30.04.2026Resumen IA

Magnificent Seven Tech Giants Report Strong Earnings as AI Investments Pay Off

Four of the Magnificent Seven tech stocks reported quarterly results, with Amazon, Alphabet and Microsoft beating expectations thanks to double-digit cloud computing growth driven by AI adoption. Meta missed expectations and saw its stock fall 5% after announcing increased capital expenditures. The companies plan to spend $650bn collectively on AI infrastructure in 2026, while over 92,000 tech workers have been laid off globally this year as AI replaces human labor.

Guardian Business