Alibaba's June-quarter results put a clean number on the AI trade-off: AI cloud and compute revenue rose 45% to ¥48.44 billion, while capital expenditure rose 75% to ¥67.68 billion. Swipe for the numbers, the business engine behind them, and the question the next quarter has to answer.
The figures come from Alibaba's June-quarter results as reported by Reuters and Quartz. Alibaba's overall revenue rose 9% to ¥268.95 billion, but adjusted profit missed estimates and net income fell 75%. The current quarter shows demand arriving before the return on the full AI buildout is clear.
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