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Ali Wu Yongming: The price of the model is expected to rise further in the future
At the Q4 FY2026 earnings call, Alibaba CEO Wu Yongming stated that this quarter’s free cash flow is negative, stemming from investments in AI over the past year. The investments will continue steadily over the next two years because this is a critical window for Alibaba. The return on AI investment is very certain; currently, no server has an idle card, and customer demand cannot be fully met, with many still waiting in line. The price of models is expected to rise further in the future. (Science and Technology Innovation Board Daily)