Alibaba Sacrifices Profits to Fuel AI Growth

Artificial intelligence accounts for a rapidly growing share of Alibaba Group ’s revenue, and it will deliver a return on the substantial investment the company is making in AI infrastructure, CEO Eddie Wu said Wednesday (May 13). Speaking during the company’s earnings call for the quarter ended March 31, Wu said that AI-related product revenue now accounts for 30% of its Cloud Intelligence Group’s revenue and that it will account for more than 50% in about a year.