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Alibaba Raises $10 Billion for AI Investment, Shares Tumble
TechnologyReutersbloombergmarketwatch+2morningstarYahoo2h ago5 sources

Alibaba Raises $10 Billion for AI Investment, Shares Tumble

Alibaba successfully raised $10 billion in a Hong Kong share sale to fund its AI initiatives, but its shares subsequently tumbled as investors questioned the justification for the significant AI spending. Executives also purchased $15 million in shares following the offering.