Alibaba has pledged to invest 200 billion yuan ($28 billion) in its own cloud computing infrastructure over the next three years — roughly half the company’s revenue from the last fiscal year. The Chinese tech giant will use the cash to build more data centers, Bloomberg reports, as well as fund internal development of supportive tech like AI accelerator chips and semiconductors. [Read: Online marketplaces are tanking worldwide – except for Amazon] Alibaba‘s infrastructure reportedly struggled with the traffic associated China’s strict coronavirus (COVID-19) lockdown measures imposed in February. The company said it hopes the cash will “speed up the recovery process” for…
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