Alibaba Cloud announced plans to establish its first cloud regions in Turkey, Finland, and the Netherlands within the next 12 months. This expansion is part of Alibaba Group’s $53 billion investment plan in AI and cloud infrastructure. The company targets a 20-gigawatt global data center network by 2032, potentially generating over $160 billion in external cloud revenue according to Citigroup. Alibaba is also advancing its ability to train AI foundation models with 5 to 10 trillion parameters, positioning itself as a major player in generative AI for enterprise customers.
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