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Chinese Giant Alibaba to Invest Over $52 Billion in AI Over the Next Three Years 

  • Chinese giant Alibaba plans to invest over $52 billion in cloud computing and artificial intelligence sector.
  • The investment exceeds the company's total AI and cloud spending in the past decade.
  • Alibaba sees AI as a once-in-a-generation industry transformation opportunity, with AGI as the primary goal.
  • China's investment in building an AI ecosystem shows its determination to outperform the United States.

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