Alibaba AI Cloud Enters Profit Release Phase: AI Business Profit Doubles, Margin Rises to 12%, Self-Developed Chips Cover 650 Clients

In Alibaba's first fiscal quarter ending June, Alibaba Cloud's external commercial revenue grew 45% year-over-year, hitting a new high in 22 quarters; Alibaba Cloud's AI-related product revenue maintained triple-digit year-over-year growth for 12 consecutive quarters. CEO Wu Yongming stated that AI commercialization has moved from crossing the inflection point in the previous quarter to a phase of "accelerated growth and rising profit margins" in the current quarter; the previous generation of T-Head chips has produced over 500,000 units and completed shipments, while the latest generation chip was deployed on Alibaba Cloud's AI platform in August.