Nigeria, Feb. 24 -- Alibaba Group has unveiled an ambitious plan to invest RMB 380 billion (approximately $53 billion) over the next three years to expand its AI and cloud computing capabilities.

This investment, the largest in the company's history, aims to drive technological advancements and position Alibaba as a global leader in cloud services and artificial intelligence.

During its latest earnings report, CEO Eddie Wu described AI as a transformative force that could reshape industries worldwide.

He stressed that Artificial General Intelligence (AGI) is a key focus for Alibaba, as the company looks to integrate AI-driven solutions across various sectors.

Wu noted that as AI evolves, more data will be processed and managed throug...