Alibaba is making significant investments in artificial intelligence (AI) to fuel its global cloud growth and compete with U.S. tech giants. The company has raised $5 billion for share buybacks while warning of challenges in the AI sector. Additionally, Alibaba has invested approximately $800 million to acquire a 36% equity stake in the Chinese start-up Moonshot AI as of the fiscal year ending March 31, 2024. This complex financing deal is part of Alibaba's broader strategy to push into generative AI and expand its cloud services globally.