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Alibaba Is Selling $10.2 Billion of Stock to Fund AI. Alphabet and Intel Went First.

Key PointsAlibaba priced an 80 billion Hong Kong dollar placement of 710 million new shares, with all net proceeds going into its full-stack AI capabilities, including expanded AI infrastructure.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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More in AI

AI Enhancing Indoor Farming in Japan

Tokyo, Aug. 25 (Jiji Press)--Companies are turning to artificial intelligence and sensor technology to improve the efficiency of indoor farming in Japan as the country faces a growing shortage of…

  • Oishii Farm Corp. uses AI and sensors to enhance indoor farming efficiency.
  • AI improves strawberry pollination rate to 95% in controlled environment.
  • NTT East collaborates on aquaponics system combining fish, plants, and herbs.

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