Alibaba Expects $4.4 Billion in Annualized AI Revenue by Year-End
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Generative AI
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Alibaba Group CEO Eddie Wu said Wednesday that the company expects its annualized revenue from AI model and application services to surpass 10B yuan ($1.47B) in the current quarter through June, and top 30B yuan ($4.4B) by the end of this year. It was the first time.