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Alibaba is raising $10.2B for AI — smart investment or growing risk?

This story is from 2026-08-23. It is preserved in the archive; the latest stories are on the live feed.

Alibaba plans to raise about $10.2 billion through a Hong Kong share placement, with the proceeds going entirely toward its AI strategy. The company wants to expand across AI chips, infrastructure, models and deployment. The interesting part is the timing: Alibaba's latest quarter saw net profit fa…

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  1. 2026-08-23 09:18 · r/ArtificialInteligence
    Alibaba is raising $10.2B for AI — smart investment or growing risk?

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