Alibaba to invest more than $52 billion in AI over next 3 years

(Reuters) – Alibaba said on Monday it plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence infrastructure over the next three years.

($1 = 7.2470 Chinese yuan renminbi)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Varun H K)