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In the first quarter analyst call of Alibaba Group's 2026 fiscal year, Wu Yongming stated that Alibaba's Capex investment in AI + cloud reached 38.6 billion yuan this quarter. In the past four quarters, Alibaba has invested over 100 billion yuan in AI infrastructure and AI product research and development. At the end of February, Alibaba announced a 38 billion yuan investment over the next three years to build cloud and AI hardware infrastructure. Alibaba's investment in AI has begun to show results. "Whether it's Alibaba Cloud's rapid growth under customers' AI needs or the upgrading of AI experiences in a wide range of to-C and to-B scenarios, we can see a clearer path of AI driving Alibaba's rapid growth," Wu Yongming said. (Sina Technology)