Alibaba targets 20+ gigawatts data-center capacity by 2032
Shares rose about 3.2% to $119.43 as Alibaba set an aggressive goal of more than 20 gigawatts of global data-center capacity by 2032.
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BABA Alibaba (BABA) CEO Wu Yongming said the company targets more than 20 gigawatts of global Alibaba Cloud data-center capacity by 2032 as AI demand accelerates. The Details: · Infrastructure target: Alibaba plans to expand global cloud data-center capacity beyond 20 gigawatts by 2032. · AI investment: Wu said the company will accelerate spending on AI infrastructure amid strong demand. · New chip: Alibaba's T-Head semiconductor unit introduced the Zhenwu V900, which it cal
BABA Alibaba (BABA) CEO Wu Yongming said the company targets more than 20 gigawatts of global Alibaba Cloud data-center capacity by 2032 as AI demand accelerates. The Details: • Infrastructure target: Alibaba plans to expand global cloud data-center capacity beyond 20 gigawatts by 2032. • AI investment: Wu sa