# Eddie Wu

Alibaba’s AI Gambit: Turning the “Manufacturing” of Intelligence into a Multi-Billion Dollar Engine

Alibaba has officially entered a profitable phase for its AI investments, reporting an annualized recurring revenue of 35.8 billion RMB for AI products. CEO Eddie Wu signaled a massive infrastructure push, suggesting capital expenditures could exceed $52 billion over three years to build the 'factories' of the AI era.