Alibaba just dumped over $10 billion into its AI future with a massive share sale—selling discounted shares to fuel chips, infrastructure, and models, even as investors fret about dilution. The offering? Oversubscribed by $28 billion, backed by sovereign funds and global AI hype. Yet Alibaba’s stock took a hit after reporting a steep profit drop—proof they’re betting big on tomorrow’s tech, even if it hurts today’s bottom line.
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