Alibaba releases AI video generation model for free
Alibaba has announced that its video and image-generating AI model, Wan 2.1, is now publicly available as open-source software. This move is…
Alibaba
Alibaba to invest $53bn in AI, marking major shift
Alibaba Group Holding Ltd. plans to invest over 380 billion yuan ($53 billion) in AI infrastructure, including data centers, over the next…
Alibaba launches AI model, claims it surpasses DeepSeek-V3
Chinese tech company Alibaba launched a new version of its Qwen 2.5 artificial intelligence model on Wednesday, claiming it surpassed the highly-regarded…
Jack Ma expresses confidence in Ant Group’s AI future
Alibaba co-founder Jack Ma voiced strong optimism about the future of Ant Group, highlighting significant opportunities in artificial intelligence for the fintech…
Alibaba agrees to $433.5m settlement in US monopolistic lawsuit
Alibaba has agreed to pay $433.5 million to settle a U.S. class-action lawsuit alleging monopolistic practices, although the company denies any wrongdoing.…
Jack Ma steps out of sabbatical with memo to employees
The co-founder of Alibaba, Jack Ma, has delivered a memo to employees, signaling his support for the internet behemoth’s restructuring endeavors. This…
Alibaba Cloud slashes prices to woo AI developers
Alibaba Cloud, the cloud computing arm of China’s e-commerce giant Alibaba Group Holding, unveiled its plans on Monday to significantly slash prices…
Alibaba slashes prices of cloud services by 55%
Alibaba Cloud announced on Thursday that it would reduce prices on some of its products by up to 55%, aiming to attract…
Alibaba new CEO prioritizes domestic e-commerce growth
Alibaba Group announced on Wednesday that its new chief executive will be in charge of its domestic e-commerce division directly. The former…
Alibaba cuts quantum computing team
The research arm of Alibaba, a Chinese internet titan, has cut a team and lab dedicated to quantum computing. The facility and…
Alibaba loses $21bn market value after cloud project reversal
The market value worth $21bn of Alibaba Group was on Friday wiped out by investors after the company abandoned plans to spin…
New Alibaba CEO Eddie Wu unveils plans for company
The new CEO of Alibaba Group, Eddie Wu, has disclosed that “User first” and “AI-driven” will be the two key strategic goals…