Alibaba Shares Surge as CEO Announces Major AI Investment Boost
TL;DR Summary
Alibaba's shares surged over 6% after the company announced plans to significantly increase its AI spending, including a new 380 billion yuan investment over three years, and unveiled the latest version of its large language model, Qwen3-Max, positioning itself as a full-stack AI service provider amid a global surge in AI investment.
- Alibaba shares rise over 6% after CEO unveils plans to boost AI spending CNBC
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- Alibaba's Stock Price Does Not Reflect The Reality (NYSE:BABA) Seeking Alpha
- From shopping carts to superchips: Alibaba rediscovers edge with bold billion-dollar AI pivot CNBC
- Alibaba Shares Jump After CEO Reveals Plans to Raise AI Spending Bloomberg.com
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