Alibaba bets on AI to fuel cloud growth as it expands globally to catch up with U.S. tech giants

CNBC May 23, 2024
Arjun Kharpal

Key Points

– Alibaba expanded the availability zones of its cloud computing products to Mexico for the first time, and it will build new data centers in key markets including Malaysia and South Korea.

– The push for growth follows a turbulent time for Alibaba Cloud, after the division scrapped a planned initial public offering and has undergone a management reshuffle.

– To reignite that momentum, Alibaba is betting on signing up more customers and its AI products.

Alibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit’s international arm touted the company’s AI products as a way to fuel growth.

The Chinese technology giant said it has expanded the availability zone of...

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