REUTERS.COM
china's ALIBABA

China's Alibaba announces partnership with Nvidia

SUMMARY

Alibaba has partnered with Nvidia to focus on AI, launching new products and expanding its global data center network. Shares of Alibaba surged nearly 10% following the announcement. CEO Eddie Wu stated, "The speed of AI industry development has far exceeded our expectations."

The company plans to invest 380 billion yuan ($53 billion) in AI infrastructure over three years. New data centers will open in Brazil, France, and the Netherlands, expanding Alibaba's global reach. The firm also announced its largest AI language model, Qwen3-Max, which contains over 1 trillion parameters and excels in code generation.


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