Shares have soared this year, but the online retailer's plans for an AI spending spree haven’t gone down so well.

Alibaba Group Holdings Ltd.’s U.S.-listed stock fell 2.7% in premarket trading on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud ...

Alibaba Group has planned to enter into the global AI race by investing more than 380 billion yuan in artificial intelligence ...

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing ...

Berkshire did better than I expected though 53% of our 189 operating businesses reported a decline in earnings," he wrote.