Alibaba CEO Eddie Wu said an artificial intelligence bubble is unlikely to emerge in the next three years, as AI resources will remain in short supply. His comments followed Alibaba’s fiscal Q2 2026 results, where the company reported about RMB 247.8 billion (USD 34.6 billion) in revenue, up 15 percent after excluding divested businesses. Wu said Alibaba is in an investment phase building AI infrastructure and consumer platforms, and noted strong demand for cloud-based AI products.
Alibaba said it will continue investing in AI capabilities and may expand its previously announced RMB 380 billion (USD 53 billion) three-year investment plan, adding that the earlier amount may now be considered small given customer demand. [TechNode reporting]
Related
