The Most Obvious AI Company Nobody's Talking About
Most investors still think Alibaba is an e-commerce company. But that story is quickly becoming outdated.
Overview
Ask investors to name the biggest artificial intelligence (AI) companies in the world, and you'll probably hear the same names: Nvidia, Microsoft, Alphabet, or OpenAI.
Few would mention Alibaba (NYSE: BABA). That may be a mistake.
Details
While the market continues to view Alibaba as a Chinese e-commerce company battling slowing consumer spending and fierce competition, the company is quietly building one of the world's largest AI ecosystems. It has developed frontier AI models, operates China's largest cloud platform, and plans to invest massively in AI and cloud infrastructure over the next three years.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.