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Alibaba stock increases on AI chip reveal
Alibaba announced the launch of a new AI chip, the Zhenwu V900, which delivers performance three times greater than the previous Zhenwu M890 chip, and is planned for commercial release in the first quarter of 2027. They also revealed a plan to expand Alibaba Cloud data center capacity to over 20 gigawatts by 2032, as part of their investment in AI infrastructure to compete globally in this sector. These measures come as part of the company's strategic move to strengthen its technological capabilities, with the new chips already in use by more than 650 clients, along with the development of AI models such as Qwen 4 and plans for future versions.
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