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Alibaba Chairman Joe Tsai Cautions Against US AI Industry ‘Bubble’

  • Alibaba Chairman Joe Tsai expresses concern over the level of AI being planned by the US technology sector.
  • He believes that people are investing ahead of the current demand and mentions the possibility of a bubble.
  • Alibaba plans to spend at least $52 billion on AI and cloud computing in the next three years.
  • Meanwhile, the four biggest US tech giants are expected to spend $320 billion on AI this year.

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