Suddenly Alibaba’s new $53 billion commitment to AI doesn’t seem all that huge
Chinese e-commerce company Alibaba wants to become an AI company, and it’s putting its money where its mouth is. Over the next three years, it’s committing $53 billion to AI infrastructure, including data centers.
Last week, that might have seemed like an eye-popping number.
But this morning, consumer tech giant Apple said it would spend a whopping $500 billion over the next four years. Apple’s commitment, though, was dual purpose: helping it avoid tariffs in its supply chain by moving more manufacturing to the US, and helping it compete with every other giant tech company on AI.
But this morning, consumer tech giant Apple said it would spend a whopping $500 billion over the next four years. Apple’s commitment, though, was dual purpose: helping it avoid tariffs in its supply chain by moving more manufacturing to the US, and helping it compete with every other giant tech company on AI.
