Alibaba will invest in more than 53 billion dollars

Beijing The Chinese e -commerce giant Alibaba announced Monday that it will invest more than 50 billion dollars in artificial intelligence (AI) and cloud computing in the next three years.

Alibaba plans Invest at least 380 billion yuan (53 billion dollars) in the next three years to develop its cloud computing infrastructure and artificial intelligencethe company said in a statement, without detailing how the resources will be distributed.

This strategy points to Strengthen the commitment (from Alibaba) with long -term technological innovation (…) and highlights the focus of the company in the growth driven by artificial intelligenceAdd the statement.

The investment will exceed the total expenditure of the group in AI and the cloud in the last decade.

The announcement occurred a week after the group co -founder, Jack Ma, participated in an unusual meeting of President Xi Jinping with the main leaders of the Chinese business sector.

Since 2020 and for several years, the technological sector was sightd by the authorities, which intended to regulate an industry until then very little regulated in China.

The campaign had a great impact on these companies and Alibaba’s activity, which also has some of the most used electronic commerce platforms in the country.

However, these technological giants have been recovering little by little, especially in recent months, at a time when this country tries to reactivate internal consumption, stagnant from the pandemic, in a context of real estate crisis and high youth unemployment.

This trend was reaffirmed last week, when Alibaba announced a strong growth of its quarterly billing, one more sign of the recovery of the sector after years of passivity.