{"id":1007949,"date":"2026-05-14T11:22:42","date_gmt":"2026-05-14T05:52:42","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1007949"},"modified":"2026-05-14T11:22:42","modified_gmt":"2026-05-14T05:52:42","slug":"alibaba-shares-surge-nearly-8-as-firm-expects-to-exceed-55-96-billion-ai-spending-target","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/05\/14\/alibaba-shares-surge-nearly-8-as-firm-expects-to-exceed-55-96-billion-ai-spending-target\/","title":{"rendered":"Alibaba shares surge nearly 8% as firm expects to exceed $55.96 billion AI spending target"},"content":{"rendered":"<p>Shares of US-listed Chinese giant Alibaba surged nearly 8% on Wednesday after leadership provided a clear three-to-five-year outlook for artificial intelligence returns. The firm anticipates exceeding its original 380 billion yuan ($55.96 billion) three-year AI investment plan, as early returns encourage a rapid expansion of cloud-computing capacity.<\/p>\n<p>However, the company missed fourth-quarter profit forecasts. Like its peers, Alibaba is capitalizing on the AI boom; revenue from its Cloud Intelligence Group climbed 38% to 41.63 billion yuan ($6.13 billion), slightly outpacing the previous quarter&#8217;s growth. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of US-listed Chinese giant Alibaba surged nearly 8% on Wednesday after leadership provided a clear three-to-five-year outlook for artificial intelligence returns. The firm anticipates exceeding its original 380 billion yuan ($55.96 billion) three-year AI investment plan, as early returns encourage a rapid expansion of cloud-computing capacity. However, the company missed fourth-quarter profit forecasts. Like its peers, Alibaba is capitalizing on the AI boom; revenue from its Cloud Intelligence Group climbed 38% to 41.63 billion yuan ($6.13 billion), slightly outpacing the previous quarter&#8217;s growth.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-1007949","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1007949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1007949"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1007949\/revisions"}],"predecessor-version":[{"id":1007951,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1007949\/revisions\/1007951"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1007949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1007949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1007949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}