Alibaba bets $52B on AI, cloud
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 24 February 2025
⏱️ 6 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.1 | Good morning. Today is Monday, February 24th. I'm Julie Morgan. Alibaba is investing heavily in cloud and AI. |
| 0:17.3 | ProSys makes a major acquisition, and Sheehan is not doing as well as it once did. |
| 0:24.6 | Alibaba on Monday unveiled plans to invest at least $380 billion, or $52.44 billion |
| 0:32.1 | in its cloud computing and artificial intelligence infrastructure over the next three years. |
| 0:39.0 | The investment, which exceeds Alibaba's total AI and cloud spending over the past decade, |
| 0:45.0 | comes as global competition between the U.S., China, and Europe heats up. |
| 0:50.1 | During its latest earnings call, Alibaba's CEO emphasized that cloud computing remains |
| 0:55.8 | Alibaba's clearest revenue driver in AI, with demand for AI hosting services surging. |
| 1:02.2 | Alibaba's cloud intelligence group's revenue, excluding revenue from Alibaba consolidated |
| 1:07.7 | subsidiaries, grew 11% year-over-year for the for the three months ended December 31st. |
| 1:14.2 | Alibaba has been developing large language models or LLMs to compete with its Western and |
| 1:20.1 | local rivals. Last month, the company unveiled that is Quinn 2.5 VL model, which it said fared better than OpenAI's GPT40, Anthropics |
| 1:30.7 | Claude 3.5 Sonnet, and Gemini 2.0 Flash and math, document analysis, video analysis, |
| 1:38.2 | and question-answering evaluations. |
| 1:41.7 | Proces announces plans to acquire Just Eat Takeaways entire issued share capital for 20 euros and 30 cents per share via an all-cash public offer on the Amsterdam Exchange for 4.1 billion euros or $4.3 billion. |
| 1:57.9 | The all-cash offer represents a 49% premium to the three-month VWAP and a 22% premium to its |
| 2:06.0 | highest share price in three months. The stock closed at 12 euros and 43 cents on Friday. Just Eat |
| 2:12.8 | takeaway is a food delivery platform in 17 international markets. It generated 26.3 billion euros in GTV in |
| 2:22.1 | 2024 and an adjusted EBAA of 460 million euros. The deal is subject to customary pre-offer and |
| 2:30.4 | offer conditions, including obtaining regulatory approvals. |
| 2:35.7 | Sheean's profit reportedly dropped by more than a third last year, ahead of the company's |
... |
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