Alibaba Stock Jumps Again. It's Going Big on AI With $3.2 Billion Convertible Bond.
1. Alibaba seeks to raise $3.2 billion via convertible bond. 2. Funds will strengthen cloud capabilities and international commerce. 3. AI revenue doubled last year, showcasing growth potential. 4. Stock price increased 78% this year, outperforming S&P 500. 5. New large-language model indicates commitment to AI strategy.