From Dealroom · · 40s
Alibaba AI Revenue Hits $10B Target
Alibaba's AI revenue run rate expected to reach $10 billion by September.
In brief
Alibaba's AI revenue run rate expected to reach $10 billion by September. Alibaba's AI-related products are projected to generate $10 billion in annualized revenue by September, up from $7.3 billion in the previous quarter. Originally reported by Dealroom.
Alibaba's AI Revenue Target
Alibaba expects its AI-related products to reach $10 billion annualized revenue by September, up from $7.3 billion in the prior quarter.
AI Cloud Growth Drivers
Group revenue rose 9% in the quarter through June, driven by 45% growth in AI cloud and compute services.
AI Push Challenges
Capital expenditure surged 75% to nearly $10 billion in the June quarter as Alibaba races to meet AI demand, while e-commerce revenue fell 8%.
What to remember
Alibaba's AI-related products are projected to generate $10 billion in annualized revenue by September, up from $7.3 billion in the previous quarter.
