Alibaba's current chief executive Daniel Zhang will be replaced, the company announced, amid a major management shuffle in an effort to promote its cloud intelligence services.

Alibaba has called off plans to spin off its cloud computing arm, saying recent tightening of US controls on chip exports to China has created “uncertainties” for the division’s prospects.

Alibaba's cloud computing division said it has become the first Chinese enterprise to support Meta's open-source artificial intelligence (AI) model Llama, allowing its Chinese business users to ...

The cuts raise the likelihood that Alibaba will cede 2024 cloud profit gains to spur revenue growth and fend off increased cloud and ... BRC Brady Corporation 71.52-4.72 (-6.19%) UEC Uranium ...

E-commerce and tech giant Alibaba's cloud computing division will cut prices for its products and services by up to 50% starting Wednesday, stepping up efforts to fight for a bigger slice of China ...

Alibaba co-founder Joe Tsai is taking over as chairman with Eddie Wu as CEO. Current chairman & CEO Daniel Zhang will head the cloud business.

The spending of at least 380 billion yuan, equivalent to $52.41 billion, will surpass the company’s AI and cloud computing investment over the past decade, Alibaba said in a post Monday on its ...

Analysts welcomed the move to spin-off Alibaba Cloud, given the immense growth potential of Artificial intelligence. Alibaba revealed its ChatGPT-style generative AI tool Tongyi Qianwen earlier ...

Credit: Alibaba. Alibaba Group has unveiled plans to widen its cloud footprint with new data centers in key Asian markets, and has earmarked artificial intelligence (AI) as a growth driver.