Alibaba Group Holding Ltd. on Tuesday unveiled the new generation of its smart glasses, deepening its foray into consumer electronics as an extension of its artificial intelligence strategy.

Alibaba Group Holding Ltd. Chairman Joe Tsai said open-source artificial intelligence is Europe’s best route to technological independence from the US and China. He urged the region to build out its own computing infrastructure to train and run AI models.

The Chinese government has signaled it may allow companies such as Alibaba Group Holding Ltd. and ByteDance Ltd to purchase Nvidia Corp.’s new RTX Pro 5500 chips, The Information reported, citing people familiar with the matter.

Alibaba Group Holding Ltd. is accelerating its data center expansion in Europe and the Middle East, propelling its 20-gigawatt global infrastructure buildout during China’s escalating competition in AI chips and models with the US.

Alibaba has launched a new AI chip designed to serve as an accelerator, aiming to compete with Nvidia in the AI space. This development is part of Alibaba's broader strategy to significantly expand its data center capacity in the coming years.

Alibaba (BABA) shares are higher this morning after the company rolled out what it calls China’s most powerful AI chip and announced plans to expand data center capacity in the coming years.

Alibaba has introduced a new AI chip, enhancing its position in the competitive tech landscape. This development comes as Meta seeks to rejuvenate interest in artificial intelligence, signaling a renewed optimism in the sector.

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Alibaba shares jumped 3% in Hong Kong on Tuesday as the tech giant unveiled a new AI chip and plans to sharply expand its global data center capacity.

Tencent Holdings Ltd. launched its latest and best image-generation model on the same day as rival Alibaba Group Holding Ltd. kicked off its AI conference, signaling intent to catch up to industry leaders like ByteDance Ltd.

Anthropic said it detected unauthorized efforts by China-based AI labs including Alibaba and Moonshot AI to use its Claude models to help improve their own AI systems.

Alibaba Group Holding Ltd. is slated to lead a $300 million investment in AI training and benchmarking startup UniPat AI, valuing the nascent company at $2.5 billion and giving a vote of confidence to a former intern.