Alibaba profits fall despite AI revenue rise

Reading

Read this text and listen to it at the same time. If you don’t know a word click it to see explanation, hear pronunciation or add it to vocabulary.

Alibaba's profit went down a lot last quarter. The company spent much money on new artificial intelligence (AI) technology.

Their profit was 10.5 billion yuan, much less than before. But overall revenue grew by 9%, reaching nearly 269 billion yuan.

Investments in AI infrastructure jumped by 75%. This big spending caused profits to drop significantly.

Alibaba bought many CPU chips for future AI services. Higher prices for these important chip parts also played a role.

Alibaba's CEO expects AI revenue to grow faster soon. The company wants to earn $100 billion from AI in five years.

Answer the questions to the text. Speak or write, you choose. AI will assess your answers.

Why did Alibaba's profit go down?

Alibaba's profit went down because the company spent much money on new artificial intelligence (AI) technology.

How much was Alibaba's profit last quarter?

Alibaba's profit was 10.5 billion yuan, which is much less than before.

What does Alibaba's CEO expect for AI revenue?

Alibaba's CEO expects AI revenue to grow faster soon and wants to earn $100 billion from AI in five years.

Look at the article image and describe what you see on it. You may either speak or write your answer there.

Discuss this article with your AI tutor to practice. Your tutor will help you with vocabulary and grammar.

Read a new article every day and
discuss it with AI at lingolette.com