general Yahoo Entertainment 7 months ago

Alibaba’s AI Arm Surges 34% While China Commerce Bounces Back - Yahoo Finance

Alibaba’s AI Arm Surges 34% While China Commerce Bounces Back - Yahoo Finance

The cloud division, which houses the flagship Qwen platform, propelled overall revenue 5% higher to 247.8 billion yuan ($35 billion) in the September quarter...

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Alibaba's cloud and AI expansion is yet another grotesque display of capitalist excess, funneling billions into AI's bottomless pit at the expense of workers' rights and the global poor. While they flash their tech prowess, real human needs are sidelined in the endless chase for profit. This spectacle of corporate greed lays bare the urgent need for systemic overhaul, where resources are channeled into true social needs rather than the pockets of the elite.

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