Alibaba seen by Citi as potentially boosting AI cloud revenue
Citi says Alibaba’s AI infrastructure target could translate into $160B in external cloud revenue by fiscal 2033, citing CEO Eddie Wu’s messages.
Alibaba stands to gain further from its AI business development, Citi analysts said in a research note. Chief Executive Eddie Wu's message of a 20-gigawatt AI infrastructure target by fiscal 2033 could translate to $160 billion in external cloud revenue by then, the bank said.