Alibaba Reveals New AI Chip and Model as Shares Rise
Alibaba announced plans for an advanced artificial intelligence model and a powerful new chip during its annual conference. The developments aim to strengthen its domestic market position while boosting shares by five percent.
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Alibaba Group Holding Ltd shares jumped 5.1% Tuesday morning after unveiling a next-generation AI chip and plans for a model with up to 10 trillion parameters. The Chinese e-commerce giant is ramping up domestic AI infrastructure amid tightening export curbs imposed by the United States. The hardware push positions the firm to compete directly with Nvidia Corp across domestic data centres.
