Alibaba's $10.
2 Billion Bet on AI: A Test of Returns and Faith Alibaba's recent equity raise has sent shockwaves through the market, with investors questioning whether the company's ambitious AI push will pay off in time to justify the significant capital outlays.
The $10. 2 billion raised dwarfs the company's existing cash reserves, prompting the question: what exactly is Alibaba buying with this newfound capital?