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Alibaba's AI Spending Spree, Concerns of Circular AI Financing | Bloomberg Tech 8/20/2026

Bloomberg Technology Thursday 20 August 2026, 18:23 UTC 1 min read
Key Points

Bloomberg’s Ed Ludlow breaks down the plunge in Alibaba's profit after the company increased its quarterly capex to almost $10 billion for AI. Plus, a look at how Meta has quietly become one of Microsoft's largest AI customers, and at defense tech startup Castelion's plans to boost production of its hypersonic missile systems.

Bloomberg’s Ed Ludlow breaks down the plunge in Alibaba's profit after the company increased its quarterly capex to almost $10 billion for AI. Plus, a look at how Meta has quietly become one of Microsoft's largest AI customers, and at defense tech startup Castelion's plans to boost production of its hypersonic missile systems. (Source: Bloomberg)
Alibaba (LOCATION) AI Spending Spree, Concerns of Circular AI Financing (ORG) Bloomberg Tech (ORG) Bloomberg (ORG) Ed Ludlow (PERSON) AI (ORG) Meta (ORG) Microsoft (ORG) Castelion (ORG)
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