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BackAlibaba’s AI cloud revenue set to surge over 50% as investment blitz pays off: analysts
Alibaba’s AI cloud revenue set to surge over 50% as investment blitz pays off: analysts
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SCMP Tech1 hour agoBusiness1 min readChina

Alibaba’s AI cloud revenue set to surge over 50% as investment blitz pays off: analysts

alibabacloud computingartificial intelligence

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Analysts project a 50 per cent revenue surge for Alibaba's cloud and AI unit for the September quarter, citing successful monetization of aggressive AI investments and improved profit margins.

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Alibaba is currently focusing on monetizing its AI investments through its cloud computing division.

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Alibaba Group Holding is expected to report a 50 per cent revenue surge for its cloud and artificial intelligence unit for the September quarter, driven by strong returns on its aggressive AI investments, according to analysts.

Analysts across several financial institutions projected revenue growth for the Chinese tech giant’s AI Cloud and Compute Services unit to have accelerated in the three months ended September 30, up from the 45 per cent growth seen in the preceding quarter.

The unit’s profit margins are also expected to rise, signalling progress in Alibaba’s efforts to monetise its massive AI investments.

Open Questions

  • What is the exact revenue figure for the quarter?
  • How will competitors respond to these growth figures?

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alibaba
OrganizationsAlibaba Group Holding
Topicscloud computingartificial intelligencerevenue growthfinancial projections
This article was originally published by SCMP Tech.

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