Alibaba's stock climbs on new AI reveal
Chinese company Alibaba announced the development of China's most powerful artificial intelligence chips, just ahead of the meeting between Chinese President Xi Jinping and his American counterpart, Donald Trump. The company is promoting an AI model that is four times larger than its previous version, with plans to increase cloud data center capacities to over 20 gigawatts by 2032. These advancements come amid fierce competition with American tech companies like Nvidia and challenges posed by U.S. restrictions on AI chip exports. It is expected that larger models reaching up to 10 trillion parameters will be produced, and new chips will be launched in the first quarter of 2027. The company emphasizes that these technologies will significantly enhance processing and AI capabilities, noting that products of this era have not yet fully emerged. Projections suggest that machine intelligence could surpass human-like thinking by more than a thousand times.
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