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The Nexus
BUSINESSAug 24 · 02:55 UTCCNBC TOP

Alibaba plunges after announcing $10.2 billion share placement to fund AI push

Alibaba shares plunged 10% after the tech giant announced a $10.2 billion share placement. Alibaba priced this placement to fund its increasing investments in artificial intelligence (AI).

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AlibabaorganizationAItopic$10.2 billiontopicsharestopicInvestmentstopic
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