Alibaba Says AI Drives Growth in Retail and Cloud Businesses
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Alibaba Group reported that its AI-driven strategy has led to growth in its retail and cloud businesses for the quarter ending September 30. The company's CEO, Eddie Wu, highlighted the steady growth of core business segments during the earnings call.
November 15, 2024 | 10:15 pm
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Alibaba's AI-driven strategy has resulted in growth in its retail and cloud businesses for the quarter ending September 30, as reported in their earnings call.
The news highlights Alibaba's successful implementation of AI in driving growth in key business areas, which is likely to positively impact investor sentiment and the stock price in the short term.
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