← Scoopfeeds — Intelligent news, curated.
Jack Ma-Backed Ant’s Profit Fell 79% on AI, Health Care Costs
tech

Jack Ma-Backed Ant’s Profit Fell 79% on AI, Health Care Costs

Bloomberg Tech · May 13, 2026, 10:12 AM · Also reported by 1 other source

Ant Group Co.’s quarterly profit continued to decline after the company increased investment in artificial intelligence technology for its health care, large language model and payment services.

Read full story on Bloomberg Tech → More top stories

Also covered by

Mind Body Green Why Men & Women May Not Be Getting The Same Science-Backed Care

More in tech

9to5Mac
More than 10% of iPhone owners eyeing a folding phone – survey
Bloomberg Tech
Samsung and SK Hynix Still Look Like Bargains Compared to Tech Peers
The Verge
The Apple Studio Display could have been so much more
Bloomberg Tech
Undersea Internet Cable Projects Are Getting Tangled in the Iran War
MacRumors
Apple Project Files Allegedly Stolen in Foxconn Ransomware Attack
Aggregated and edited by the Scoop newsroom. We surface news from Bloomberg Tech alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop