alibaba ai investment – INFC E Paper

Alibaba raised $10.2 billion for AI infrastructure as its stock fell 8.5%. Chairman Joseph Tsai and CEO Eddie Wu bought shares after the slump. (REUTERS)

Alibaba stock plunges 8.5% after $10.2 billion AI fundraise; top bosses buy shares

Alibaba Group has raised HK80$ (10.2 billion) through a new share sale in Hong Kong. The money will be used entirely to expand the company’s…

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