Alibaba’s AI investment spree: can a portfolio of bets rebuild the ‘Alibaba system’?
Alibaba’s AI investing has become a structure: model companies return equity value, rising compute demand feeds Alibaba Cloud orders, and a memory bottleneck is met with an upstream stake. It resembles the group’s old playbook, except today it backs interdependent, sometimes competing, firms. The history is consistent. A 2017 DAMO Academy with a 15 billion … Read more