The cloud unit of Chinese internet giant Alibaba plans to invest 200 billion yuan ($28 billion) over the next three years on hardware and software to better compete on the world stage, the company said in a statement. The announcement comes amid the Covid-19 epidemic, which has increased demand for cloud services globally as more people work and communicate remotely. Alibaba ranked a distance...
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Pro Weekly: Generative AI Spurs Cloud Demand—and Competition
Welcome back!To help readers track the frenzy around generative artificial intelligence, we launched The Information's Generative AI Database, listing 39 startups that make AI models or build services on top of them. Together, those companies have raised more than $15 billion from more than 50 investors.OpenAI, whose ChatGPT fueled the generative AI craze, has seen the bulk of that haul,...
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