[BUSINESS]■ STORY TIMELINE
ANT GROUP PROFIT PLUNGES 79% ON AI, HEALTHCARE SPENDING
Ant Group's quarterly profit declined 79% as the Jack Ma-backed fintech company ramped up investment in artificial intelligence and healthcare services. The spending surge reflects Ant's shift toward high-cost technology infrastructure.
Bloomberg Tech+0m
Ant Group Co.’s quarterly profit continued to decline after the company increased investment in artificial intelligence…