### Key Takeaways on AI Growth and Seasonal Representation:
1. **AI-Driven Cloud Growth**: AI products are the fastest-growing segment (18% cloud revenue growth), but margins are impacted by infrastructure spending .
2. **Q1 Limitations**: Management cautioned that January-March performance is influenced by post-holiday adjustments and investment cycles, making it a **weaker indicator** of full-year trends compared to other quarters .
3. **Long-Term AI Focus**: Alibaba plans to scale AI investments aggressively, with open-source models and industry-specific applications expected to drive future growth beyond Q1 .
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