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Alibaba to spend $53 billion on AI infrastructure over next three years

Investor's Business Daily
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U.S.-listed Alibaba Group ( BABA ) stock slipped early Monday after the tech giant pledged to spend $53 billion on cloud-computing and AI infrastructure over the next three years .

Alibaba announced the plan in a blog entry published on its news site Monday .

The big spending plans comes as investors are scrutinizing costs related to AI , particularly after China startup DeepSeek launched a powerful AI model.