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Alibaba Is Selling $10.2 Billion of Stock to Fund AI. Alphabet and Intel Went First.
Source: Nasdaq
Artificial IntelligenceTechnology & InnovationCompany Fundamentals
Alibaba priced a placement raising HK$80 billion by issuing 710 million new shares, with all net proceeds earmarked for expanding its full-stack AI capabilities. The funds will be used to expand AI infrastructure, signaling continued investment in AI capacity rather than broad redeployment of capital.
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