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The annual recurring revenue from Alibaba Group Holding's artificial intelligence applications and model services has exceeded 16 billion yuan, the company disclosed.
What the figure signals The 16 billion yuan threshold covers ARR from AI applications and model services, according to the company's announcement.
Alibaba did not specify a reporting period end date or break out individual product lines in the disclosure.
The figure places Alibaba among the handful of technology companies globally that have reported ARR from AI services at that scale.
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