Earlier this year, Alibaba Group Holding committed US$52 billion in capital spending for the sector – China’s largest-ever computing project financed by a single private business. But strong AI demand could see the company plough even more money in, according to Alibaba CEO Eddie Wu Yongming, speaking on a post-earnings call on Tuesday. As “the pace at which we can add new servers is insufficient to keep up with the growth in customer orders”, the company would not rule out scaling up capital expenditure, Wu said. Notably, Wu dismissed concerns over an AI bubble, saying it was not “much of an issue” because AI infrastructure resources would be undersupplied over the next three years. The comments came as Alibaba reported a better-than-expected 5 per cent increase in quarterly revenue to 247.8 billion yuan (US$34.8 billion) in the three months ended September 30. Alibaba Cloud, the company’s AI and cloud services unit, posted 34 per cent year-on-year revenue growth to 39.8 billion yuan. The AI unit’s growth was on par with those of its US peers – Microsoft’s Azure and Google Cloud – which posted 40 per cent and 33.5 per cent gains, respectively, according to a research note by Jefferies. #🇨🇳 ChinA.I. 🤖🧠🦾🤖 https://www.scmp.com/tech..