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Business & Finance

Jack Ma-Backed Ant’s Profit Flattened After AI, Expansion Costs

Bloomberg Technology Thursday 20 August 2026, 10:11 UTC By Lulu Yilun Chen 1 min read
Key Points

Ant Group Co. barely grew quarterly profit after the company increased investment in artificial intelligence technology for its healthcare, large language model and payment services.

Ant Group Co. barely grew quarterly profit after the company increased investment in artificial intelligence technology for its healthcare, large language model and payment services.
Jack Ma (PERSON) Ant Group Co. (ORG)
Originally published by Bloomberg Technology Read original →

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