Datasette 1.0a39 and 0.65.4 security releases34m ago Anthropic caught scientists using Claude to further biological weapon research1h ago Oracle says AI will save it from the SaaSpocalypse, not bring it on1h ago Congress Is Suddenly Waking Up to the AI Doomsday Threat2h ago Don’t ask ChatGPT 'What should I do?' — this simple prompt helps you make better decisions yourself2h ago Extreme Networks’ Agent ONE Coworker moves AI networking from dashboards to answers2h ago Introducing ChatGPT for Financial Services2h ago Tesla unveils driverless Cybercab in Japan for 1st time3h ago The AI safety vibe shift3h ago Sam Altman met with top power utilities about securing the electrical grid. He offered one possible solution: OpenAI's cyber services.3h ago OpenAI Is Open to Slowing Cutting-Edge AI, CEO Sam Altman Tells Staff3h ago Tencent-Backed Chipmaker Enflame Jumps 188% in Shanghai Debut4h ago Salesforce introduces Enterprise AI Harness, AI Control Plane4h ago The Race for the Next Big Weight-Loss Drug Is On—and China Wants In4h ago

Datasette 1.0a39 and 0.65.4 security releases34m ago Anthropic caught scientists using Claude to further biological weapon research1h ago Oracle says AI will save it from the SaaSpocalypse, not bring it on1h ago Congress Is Suddenly Waking Up to the AI Doomsday Threat2h ago Don’t ask ChatGPT 'What should I do?' — this simple prompt helps you make better decisions yourself2h ago Extreme Networks’ Agent ONE Coworker moves AI networking from dashboards to answers2h ago Introducing ChatGPT for Financial Services2h ago Tesla unveils driverless Cybercab in Japan for 1st time3h ago The AI safety vibe shift3h ago Sam Altman met with top power utilities about securing the electrical grid. He offered one possible solution: OpenAI's cyber services.3h ago OpenAI Is Open to Slowing Cutting-Edge AI, CEO Sam Altman Tells Staff3h ago Tencent-Backed Chipmaker Enflame Jumps 188% in Shanghai Debut4h ago Salesforce introduces Enterprise AI Harness, AI Control Plane4h ago The Race for the Next Big Weight-Loss Drug Is On—and China Wants In4h ago

Business & Enterprise AI Research5 min reading time

Alibaba’s profit fell 75% as quarterly AI spending hit $10bn

The Next WebPublished 22 days ago

Alibaba's net profit dropped 75% in Q2 due to a $10bn surge in capital spending aimed at AI infrastructure and cloud expansion. Its cloud unit grew revenue by 45% and doubled profits, while a new AI segment increased losses amid rising investments.

More on this story

Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping
17d· The Next Web
Alibaba Raises $10 Billion in Record Hong Kong Share Sale
19d· 3 sources

#ai-infrastructure #alibaba #cloud-computing #enterprise-ai #omdia #toby-xu

More in Business & Enterprise

Business & Enterprise2 min read

Universal Music is launching an AI music platform with ElevenLabs

Covered by 5 sources12h ago

Business & Enterprise7 min read

Apple’s first foldable is the iPhone Duo, and it costs $1,999

Covered by 6 sources1d ago

Business & Enterprise

Peter Thiel-Backed AI Startup Cognition Raises Funds at $48 Billion Valuation

Covered by 2 sources2d ago