genai / news / / South China Morning Post
AI-related product revenue hit 8.97 billion yuan (US$1.32 billion), company said.
Alibaba disclosed quarterly AI-related product revenue for the first time, reaching 8.97 billion yuan.
KEY POINTS
- AI-related product revenue has shown triple-digit growth for eleven consecutive quarters at Alibaba.
- Cloud Intelligence Group’s external revenue growth accelerated to 40 percent, with AI products comprising 30 percent.
- Alibaba's cloud-computing unit posted 38 percent year-on-year revenue growth, sustaining double-digit expansion for six quarters.
- Alibaba's CEO confirmed their AI investments have progressed from incubation to large-scale commercialisation.
COMPANIES
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