Alibaba Targets $4.42B in Annualized AI Revenue by End of 2026

According to South China Morning Post, Alibaba targets annualized recurring revenue from its AI models and applications to reach $4.42 billion by the end of 2026. In the latest quarter, the company reported $1.32 billion in AI-related revenue, marking triple-digit growth for the 11th consecutive quarter. Alibaba also stated that AI products could contribute more than 50% of cloud revenue within a year, while capital spending for AI data center development will likely exceed the planned $56 billion.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments