Recently, on JPMorgan Chase At the 20th Global China Summit, Ali Baba Cai Chongxin, Chairman of the Group, mentioned the topics related to AI and cloud computing, and put forward his own views on the current cooperation mode of AI companies.
Cai Chongxin believes that Alibaba is one of the few companies in the world that has its own AI capability and cloud computing business, and this combination has a huge competitive advantage. For example, he said, Microsoft And Open AI are two independent companies. Now they have established close cooperation, but independence also means that they may separate in the future. "So Microsoft actually does not have its own AI development, and they basically outsource it to OpenAI."
In the current AI field, there are not many companies with AI and cloud computing capabilities at the same time. Most companies cooperate. In addition to Microsoft and OpenAI Amazon The same pattern applies to investing in large model start-ups, Anthropic. Meta, another major manufacturer, has a large open source language model, LLaMA, but has no foundation in cloud business. Cai Chongxin believes that the only company with AI and cloud computing is Google , but Google is third in cloud computing and AI.
In Cai Chongxin's view, the combination of AI and cloud is very important, and anyone who uses AI needs to use cloud computing capabilities. "He mentioned that Alibaba's AI revenue grew by three digits in the cloud business last quarter, so AI and cloud are a good combination.
Ali is working on All in AI. In addition to developing its own big model, Alibaba is also the most radical big model investor among China's Internet giants. From the second half of 2023 to the beginning of this year, Ali has invested in the top five model start-ups in the AI industry, including SmartSpectrum AI, OneThing, Baichuan Intelligence, MiniMax and the Dark Side of the Moon. According to incomplete statistics, Alibaba has invested at least 13.5 billion yuan in these five major model enterprises alone.
At the summit, when talking about the investment in these five major language models, Cai Chongxin said that these investments would have synergy. ”
On May 14, Ali released its report for the 2024 fiscal year. Alibaba Cloud's revenue in fiscal year 2024 (April 2023 March 2024) is 106.43 billion yuan, with a growth rate of 3.1%. The adjusted EBITA profit is 5.59 billion yuan.
Wu Yongming, CEO of Alibaba Group and Alibaba Cloud, disclosed on the investors' telephone conference that Alibaba Cloud is expected to resume double-digit revenue growth in the second half of fiscal year 2025. In the fourth quarter of fiscal year 2024, Alibaba Cloud's core public cloud product revenue achieved double-digit growth, and AI related revenue achieved triple digit growth.
Wu Yongming mentioned that the investment in AI products will also bring customers' investment in traditional cloud computing products, and these two parts will promote each other. "In terms of AI related products, we think this is a very early stage in a 10-year cycle, and we will continue to make long-term investments."
Previously, there was a rumor in the market that Alibaba's investment in large model start-ups included a part of "alchemy discount", that is, part of the investment was paid in the form of alchemy, and the invested enterprises must use Alibaba Cloud's alchemy. This is not an example. In the overseas market, part of the investment of Microsoft and OpenAI is also in the form of providing computing power. These investments will feed back the cloud computing business of the investors. Everbright Securities has predicted that the revenue of Microsoft's server products and cloud services is expected to grow by 17%, 16% and 14.8% year on year from 2024 to 2026.
(This article is from First Finance)
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