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Ian Cooper

Alibaba Wants a Bigger Piece of the Global AI Cloud Market

Alibaba BABA Eddie Wu Alibaba Cloud Asia Citi Europe Middle East

Alibaba Group (BABA) wants a larger share of the AI market. It’s why the company just announced plans to build more data centers across Europe, the Middle East, and Asia as part of its goal of 20-gigawatt infrastructure expansion. Even better, it also intends to expand its data center presence in Malaysia, Germany, the United Arab Emirates, France, and Hong Kong. After all, by establishing cloud regions in Europe, the Middle East, and Asia, it can go head-to-head with competitors like Amazon (AMZN) Web Services (AWS). All in an effort to gain market share and help it pivot its model toward higher-margin and AI services.

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