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Chinese Alibaba Invests Billions in AI

The Chinese e-commerce giant Alibaba will invest 380 billion yuan, equivalent to over 550 billion Swedish kronor, in AI and cloud services over the next three years. In a statement, the company says its strategy aims to "strengthen commitment to long-term technological innovation" and that particular focus will be placed on AI-driven growth.
Chinese Alibaba Invests Billions in AI

Getinge at the top on a cheerful stock exchange

The Stockholm Stock Exchange rises on Friday. .
Getinge at the top on a cheerful stock exchange

E-commerce giant Alibaba's sales increase

The Chinese e-commerce giant Alibaba reports a revenue increase of five percent to approximately 350 billion kronor for the second quarter. It was somewhat lower than expected.
E-commerce giant Alibaba's sales increase

Upwards on the New York Stock Exchange

The leading indexes on Wall Street were traded upwards on Tuesday – with tech giants as locomotives – after gloomy faces on Monday. .
Upwards on the New York Stock Exchange

Worse than expected for Alibaba

The Chinese internet giant Alibaba reports an adjusted result according to the ebitda measure of 51. 2 billion yuan for the broken fiscal year's first quarter, corresponding to around 75 billion kronor.
Worse than expected for Alibaba
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