Alibaba Shares Rise on Artificial Intelligence Investments

Alibaba Shares on the Rise

In recent days, shares of Chinese tech giant Alibaba (BABA) have been attracting investors' attention. The company has made major announcements about major investments in artificial intelligence and new product updates. In pre-market trading, these developments have led to Alibaba shares rising 6% in Hong Kong and 9% in the US. This is notable with share prices reaching their highest levels since 2021.

Artificial Intelligence Investment Increases

At Alibaba Cloud's annual technology conference, CEO Eddie Wu said the company aims to increase spending on artificial intelligence development, with a three-year investment of 380 billion yuan (about $53 billion) announced in February. "Anticipating the era of artificial superintelligence, we are rapidly advancing a three-year, 380 billion yuan AI infrastructure initiative with plans to continue and further increase our investments in line with our strategic vision," Wu added.

Artificial Superintelligence and Product Enhancements

The company also introduced Qwen3-Max, the latest version of Qwen big language models, to expand its AI product lineup. Eddie Wu emphasized that Alibaba Cloud is positioning itself as a "full-stack AI service provider," providing the computing power needed to train and deploy large AI models through the company's own data centers. "In the next five years, total global investment in AI will exceed $4 trillion, the largest investment in computing power and research and development in its history," Wu said.

Global Data Centers Opening

Alibaba Cloud is also looking to expand globally, opening its first data centers in Brazil, France and the Netherlands. The company plans to add more data centers in Mexico, Japan, South Korea, Malaysia and Dubai next year. The moves are part of Alibaba's strategy to establish a leading position in artificial intelligence and data services.

The information contained herein does not constitute investment advice.