Alibaba's New AI Chip and Data Center Investments Boost Shares
Chinese technology giant Alibaba captured investors' attention at the Apsara Conference in Hangzhou by introducing its new Zhenwu V900 chip and major data center expansion plans.
Alibaba shares rose on the Hong Kong Stock Exchange after the company introduced its next-generation Zhenwu V900 artificial intelligence chip and announced plans to increase its data center capacity to over 20 gigawatts by 2032.
Details of the Share Rise
Following the Chinese technology giant's announcement of new investments in AI infrastructure, its shares in Hong Kong markets gained approximately 3% in value.
Zhenwu V900 Chip and Features
At the annual flagship Apsara Conference of its cloud unit, Alibaba introduced the next-generation AI chip Zhenwu V900 and stated that this chip offers three times more performance than its predecessor.
Data Center and Infrastructure Plans
Within the framework of its broad roadmap covering chips, cloud infrastructure, and AI models, the company aims to scale Alibaba Cloud's global data center capacity beyond 20 gigawatts by 2032.
Production Schedule and Current Usage
The new Zhenwu AI chip is planned to enter mass production and be commercially launched in the first quarter of 2027, while its current chips are used by more than 650 customers in sectors such as automotive and finance.
Qwen Models and Executive Statements
While it was stated that the next-generation Qwen 4 model is in the training phase, CEO Eddie Wu noted that machine reasoning possesses a massive area for growth.