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Alibaba Shares Jump on New AI Chip
Source: Bloomberg
Artificial IntelligenceTechnology & InnovationInfrastructure & DefenseAntitrust & Competition
Alibaba is rolling out what it calls China’s most powerful AI accelerator chip, targeting competition with Nvidia. The chip is intended to support a major multiyear expansion of Alibaba’s data-center capacity, potentially strengthening China’s domestic AI-computing ecosystem and raising competitive pressure in AI semiconductors.
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