Alibaba Unveils Qwen3-Max AI Model with 1T Parameters

Chinese Tech Giant Alibaba Bets Big On AI With $53 Billion Push

Alibaba shares surged nearly 10% Wednesday after the Chinese tech giant announced aggressive new investments in artificial intelligence and global data centers. The company revealed plans to spend over $53 billion on AI infrastructure in the next three years, with CEO Eddie Wu suggesting even larger outlays ahead. As part of its expansion, Alibaba will open data centers in France, the Netherlands, and Brazil, while adding new facilities in Mexic…

Alibaba pushes further into AI with new data centres, large language model; shares surge

Chinese e-commerce giant will open its first centres in Brazil, France and the Netherlands as it launches its largest AI model to date

Stock Futures Rise as Alibaba Boosts AI Sentiment: Markets Wrap

(Bloomberg) -- US stocks are set to resume their rally after a pledge by Alibaba Group Holding Ltd. for more spending and an upbeat forecast from Micron Technology Inc. reinforced optimism over artificial intelligence.

Futures Rise As Alibaba Capex Promise Boosts AI Sentiment Again

Futures Rise As Alibaba Capex Promise Boosts AI Sentiment Again US futures are once again higher after taking a brief pause yesterday, led by Tech, with all of Mag7 higher pointing to a stronger open as Alibaba’s spending promise and Micron’s upbeat outlook lift sentiment on AI. Global stocks resumed their rally after a pledge by China's Alibaba for more spending (now the mere promise of more capex is sufficient to send your stock ripping) and M…

Alibaba shares surge in Hong Kong as CEO announces AI spending boost beyond $50B plan

Alibaba shares jump 9% in U.S. premarket after CEO unveils plans to boost AI spending

Alibaba plans to increase spending on AI models and infrastructure development even further, Chief Executive Officer Eddie Wu said Wednesday.