Alibaba's Jeff Zhang: Alibaba AI's Annualized Revenue Surpasses 49.5 Billion Yuan

BlockBeats News, August 20th, Alibaba announced that Aliyun is undergoing a comprehensive upgrade, shifting towards the Intelligent Cloud. In the coming quarters, the growth rate of artificial intelligence and cloud business revenue will further accelerate.

Alibaba Group released its Q1 FY2027 financial report. During the analyst call, Group CEO Daniel Zhang stated that AI has become the core engine driving Alibaba Cloud's accelerated growth. This quarter, Alibaba's AI-related products' Annual Recurring Revenue (ARR) surpassed 49.5 billion RMB ($7.3 billion), accounting for 35% of Alibaba Cloud's external commercialized revenue. The gross profit margin of AI-related products is significantly higher than the average level of cloud products.

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