Chinese giant “Alibaba” announced AI-driven revenue growth

The company has invested tens of billions of dollars in AI, and its shareholders are eagerly awaiting how it will be able to profit from these huge investments.

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Alibaba’s revenue for the quarter ended June 30 was nearly 269 billion yuan (40 billion US dollars), which is 9% more than the same period last year, according to the company’s report published on the Hong Kong Stock Exchange.

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