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Alibaba reported a sharp profit decline and missed revenue expectations, as heavy AI and cloud investments impacted quarterly results.
Alibaba and Baidu are increasing cloud service prices by up to 34 percent as AI demand drives higher infrastructure and computing costs. The changes take effect April 18.
Alibaba’s new Quark AI Glasses integrate its Qwen AI model and mark the company’s latest move to scale consumer AI products amid intensifying competition.