Close Menu
  • Home
  • AI Models
    • DeepSeek
    • xAI
    • OpenAI
    • Meta AI Llama
    • Google DeepMind
    • Amazon AWS AI
    • Microsoft AI
    • Anthropic (Claude)
    • NVIDIA AI
    • IBM WatsonX Granite 3.1
    • Adobe Sensi
    • Hugging Face
    • Alibaba Cloud (Qwen)
    • Baidu (ERNIE)
    • C3 AI
    • DataRobot
    • Mistral AI
    • Moonshot AI (Kimi)
    • Google Gemma
    • xAI
    • Stability AI
    • H20.ai
  • AI Research
    • Allen Institue for AI
    • arXiv AI
    • Berkeley AI Research
    • CMU AI
    • Google Research
    • Microsoft Research
    • Meta AI Research
    • OpenAI Research
    • Stanford HAI
    • MIT CSAIL
    • Harvard AI
  • AI Funding & Startups
    • AI Funding Database
    • CBInsights AI
    • Crunchbase AI
    • Data Robot Blog
    • TechCrunch AI
    • VentureBeat AI
    • The Information AI
    • Sifted AI
    • WIRED AI
    • Fortune AI
    • PitchBook
    • TechRepublic
    • SiliconANGLE – Big Data
    • MIT News
    • Data Robot Blog
  • Expert Insights & Videos
    • Google DeepMind
    • Lex Fridman
    • Matt Wolfe AI
    • Yannic Kilcher
    • Two Minute Papers
    • AI Explained
    • TheAIEdge
    • Matt Wolfe AI
    • The TechLead
    • Andrew Ng
    • OpenAI
  • Expert Blogs
    • François Chollet
    • Gary Marcus
    • IBM
    • Jack Clark
    • Jeremy Howard
    • Melanie Mitchell
    • Andrew Ng
    • Andrej Karpathy
    • Sebastian Ruder
    • Rachel Thomas
    • IBM
  • AI Policy & Ethics
    • ACLU AI
    • AI Now Institute
    • Center for AI Safety
    • EFF AI
    • European Commission AI
    • Partnership on AI
    • Stanford HAI Policy
    • Mozilla Foundation AI
    • Future of Life Institute
    • Center for AI Safety
    • World Economic Forum AI
  • AI Tools & Product Releases
    • AI Assistants
    • AI for Recruitment
    • AI Search
    • Coding Assistants
    • Customer Service AI
    • Image Generation
    • Video Generation
    • Writing Tools
    • AI for Recruitment
    • Voice/Audio Generation
  • Industry Applications
    • Finance AI
    • Healthcare AI
    • Legal AI
    • Manufacturing AI
    • Media & Entertainment
    • Transportation AI
    • Education AI
    • Retail AI
    • Agriculture AI
    • Energy AI
  • AI Art & Entertainment
    • AI Art News Blog
    • Artvy Blog » AI Art Blog
    • Weird Wonderful AI Art Blog
    • The Chainsaw » AI Art
    • Artvy Blog » AI Art Blog
What's Hot

Cato Networks Lands $359M As Cybersecurity Funding Holds Strong

Congress might block state AI laws for five years. Here’s what it means.

What Can We Learn From Deep Learning Programs? | Two Minute Papers #75

Facebook X (Twitter) Instagram
Advanced AI News
  • Home
  • AI Models
    • Amazon (Titan)
    • Anthropic (Claude 3)
    • Cohere (Command R)
    • Google DeepMind (Gemini)
    • IBM (Watsonx)
    • Inflection AI (Pi)
    • Meta (LLaMA)
    • OpenAI (GPT-4 / GPT-4o)
    • Reka AI
    • xAI (Grok)
    • Adobe Sensi
    • Aleph Alpha
    • Alibaba Cloud (Qwen)
    • Apple Core ML
    • Baidu (ERNIE)
    • ByteDance Doubao
    • C3 AI
    • DataRobot
    • DeepSeek
  • AI Research & Breakthroughs
    • Allen Institue for AI
    • arXiv AI
    • Berkeley AI Research
    • CMU AI
    • Google Research
    • Meta AI Research
    • Microsoft Research
    • OpenAI Research
    • Stanford HAI
    • MIT CSAIL
    • Harvard AI
  • AI Funding & Startups
    • AI Funding Database
    • CBInsights AI
    • Crunchbase AI
    • Data Robot Blog
    • TechCrunch AI
    • VentureBeat AI
    • The Information AI
    • Sifted AI
    • WIRED AI
    • Fortune AI
    • PitchBook
    • TechRepublic
    • SiliconANGLE – Big Data
    • MIT News
    • Data Robot Blog
  • Expert Insights & Videos
    • Google DeepMind
    • Lex Fridman
    • Meta AI Llama
    • Yannic Kilcher
    • Two Minute Papers
    • AI Explained
    • TheAIEdge
    • Matt Wolfe AI
    • The TechLead
    • Andrew Ng
    • OpenAI
  • Expert Blogs
    • François Chollet
    • Gary Marcus
    • IBM
    • Jack Clark
    • Jeremy Howard
    • Melanie Mitchell
    • Andrew Ng
    • Andrej Karpathy
    • Sebastian Ruder
    • Rachel Thomas
    • IBM
  • AI Policy & Ethics
    • ACLU AI
    • AI Now Institute
    • Center for AI Safety
    • EFF AI
    • European Commission AI
    • Partnership on AI
    • Stanford HAI Policy
    • Mozilla Foundation AI
    • Future of Life Institute
    • Center for AI Safety
    • World Economic Forum AI
  • AI Tools & Product Releases
    • AI Assistants
    • AI for Recruitment
    • AI Search
    • Coding Assistants
    • Customer Service AI
    • Image Generation
    • Video Generation
    • Writing Tools
    • AI for Recruitment
    • Voice/Audio Generation
  • Industry Applications
    • Education AI
    • Energy AI
    • Finance AI
    • Healthcare AI
    • Legal AI
    • Media & Entertainment
    • Transportation AI
    • Manufacturing AI
    • Retail AI
    • Agriculture AI
  • AI Art & Entertainment
    • AI Art News Blog
    • Artvy Blog » AI Art Blog
    • Weird Wonderful AI Art Blog
    • The Chainsaw » AI Art
    • Artvy Blog » AI Art Blog
Facebook X (Twitter) Instagram
Advanced AI News
Alibaba Cloud (Qwen)

China’s Ant Group Boosts R&D Spending To Record $3.26 Billion In 2024 Amid AI Push – Alibaba Gr Hldgs (NYSE:BABA), Microsoft (NASDAQ:MSFT)

Advanced AI EditorBy Advanced AI EditorJune 30, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Chinese fintech giant Ant Group disclosed on Monday that it invested a record 23.45 billion yuan ($3.26 billion) in research and development during 2024, marking the fourth consecutive year of increased R&D spending since 2021.

What Happened: The Alibaba Group Holding Ltd. BABA affiliate revealed the figures in its 2024 sustainability report, according to Reuters, highlighting its commitment to technology advancement amid China’s artificial intelligence boom.

Ant Group, formerly known as Ant Financial, operates China’s dominant mobile payments platform, Alipay, and has been rebuilding its operations following regulatory setbacks that derailed its 2020 initial public offering. Chinese regulators halted the company’s planned IPO at the last moment and imposed antitrust measures on domestic tech giants.

The substantial R&D investment comes as the parent company, Alibaba, accelerates its global AI expansion. Alibaba has committed 380 billion yuan ($52 billion) over three years for cloud computing and AI infrastructure development. The company plans to extend its Qwen large language models to overseas data centers by 2025, operating 29 facilities globally, including two in the United States.

See Also: Elon Musk Calls Trump’s Megabill ‘Political Suicide,’ Says ‘It Is Utterly Insane and Destructive,’ Will ‘Destroy Millions of Jobs in America’

Why It Matters: Recent partnerships with Microsoft Corp. MSFT, Siemens AG SIEGY, and Nvidia Corp. NVDA underscore Alibaba’s strategic AI positioning. Benchmark analyst Fawne Jiang identified Alibaba as “a leading beneficiary of accelerated AI adoption in China.”

Ant Group has explored listing its Singapore-registered overseas arm, Ant International, on the Hong Kong stock exchange as it seeks growth opportunities beyond mainland China. The company reported 100 million users for its tap-and-pay service launched in June 2024.

Alibaba shares have surged over 58.05% in the past 12 months as investors recognize the company’s AI potential amid U.S.-China trade relations prospects.

Read Next:

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: THINK A / Shutterstock.com



Source link

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
Previous ArticleGoogle DeepMind: 2025 TIME100 Most Influential Companies
Next Article Paper page – Noise Consistency Training: A Native Approach for One-Step Generator in Learning Additional Controls
Advanced AI Editor
  • Website

Related Posts

What Is Qwen VLo? Alibaba’s Launches Image Generation Model, to Compete with OpenAI and Google

June 30, 2025

Alibaba rolls out its Qwen VLo AI model: What’s special?

June 28, 2025

Alibaba unveils new AI model for image creation, as open-source approach gains recognition

June 28, 2025
Leave A Reply Cancel Reply

Latest Posts

‘The Joan’ At Liberty Station

Brice Arsène Yonkeu Brings Diaspora Dialogue to Gagosian Park & 75

Mark Wallinger Installation at Glastonbury Focused on Children in Gaza

Enjoy TikTok Explainers? These Old-Fashioned Diagrams Are A Whole Lot Smarter

Latest Posts

Cato Networks Lands $359M As Cybersecurity Funding Holds Strong

June 30, 2025

Congress might block state AI laws for five years. Here’s what it means.

June 30, 2025

What Can We Learn From Deep Learning Programs? | Two Minute Papers #75

June 30, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Cato Networks Lands $359M As Cybersecurity Funding Holds Strong
  • Congress might block state AI laws for five years. Here’s what it means.
  • What Can We Learn From Deep Learning Programs? | Two Minute Papers #75
  • Janna Levin: Black Holes, Wormholes, Aliens, Paradoxes & Extra Dimensions | Lex Fridman Podcast #468
  • Build Trust With Employer Branding

Recent Comments

No comments to show.

Welcome to Advanced AI News—your ultimate destination for the latest advancements, insights, and breakthroughs in artificial intelligence.

At Advanced AI News, we are passionate about keeping you informed on the cutting edge of AI technology, from groundbreaking research to emerging startups, expert insights, and real-world applications. Our mission is to deliver high-quality, up-to-date, and insightful content that empowers AI enthusiasts, professionals, and businesses to stay ahead in this fast-evolving field.

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

YouTube LinkedIn
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 advancedainews. Designed by advancedainews.

Type above and press Enter to search. Press Esc to cancel.