News Score: Score the News, Sort the News, Rewrite the Headlines

Alibaba Slashes Cloud Prices Globally as AI Demand Quickens

Alibaba Group Holding Ltd. is cutting prices for cloud customers from the US to Singapore by as much as 59%, mirroring deep discounts at home as the once high-flying division struggles to fend off rivals and revive growth.The move coincides with a surge in demand for cloud computing to support a global boom in AI development, as well as a complicated internal restructuring. Chief Executive Officer Eddie Wu is spearheading a far-reaching overhaul to try and revitalize Alibaba’s main businesses in...

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines