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Alibaba to boost AI spending as China tech giant sees AGI as new start

Alibaba Group Holding plans to increase its capital expenditures on artificial intelligence infrastructure from the original 380 billion yuan (US$53…

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New Business

Alibaba, Baidu lead China’s AI cloud boom as market surges 55% to US$2.7 billion

Baidu and Alibaba Group Holding led the market for public cloud services supporting artificial intelligence in China last year, as…

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New Business

China’s Baidu to issue yuan-denominated bonds as US$600 million debt comes due

Chinese technology firm Baidu plans to issue yuan-denominated bonds in offshore markets to repay existing debt and fund general corporate…

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