Alibaba Enters AI Business Commercial Payoff Cycle, Pledges Increased Full-Stack AI Investment

According to a shareholder letter released today (May 20), Alibaba Group Chairman Cai Chusheng and Chief Executive Officer Wu Yongming announced that the company's AI business has transitioned from its initial investment phase into a commercial payoff cycle. The company committed to accelerating investments in full-stack AI capabilities, including AI infrastructure and self-developed chips, while strengthening foundational model capabilities and building enhanced MaaS products to improve model-application connectivity.
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