Alibaba quarterly profit drops 75% as AI investment spending grows
HONG KONG — China’s technology giant Alibaba on Thursday reported a 75-percent drop in profit for the latest quarter as it invested big in artificial intelligence (AI) infrastructure, even as revenue coming from its AI-related services gained 45 percent.
HONG KONG — China’s technology giant Alibaba on Thursday reported a 75-percent drop in profit for the latest quarter as it invested big in artificial intelligence (AI) infrastructure, even as revenue coming from its AI-related services gained 45 perc... [1811 chars]