Alibaba shares skyrocket as CEO Eddie Wu unveils bold AI investment and new products, signaling a leap toward artificial superintelligence. The company plans to spend $53B on AI models and cloud infrastructure over 3 years, introducing Qwen3-Max and enhancing its AI suite. Discover how Alibaba's full-stack AI approach positions it for the future. Read more: https://www.cnbc.com/2025/09/24/alibaba-shares-rise-over-6percent-after-ceo-unveils-new-ai-products-and-spending-plans.html #Alibaba #AI #investing #cloudcomputing #Qwen3Max #artificialsuperintelligence #EddieWu #technology #shares #infrastructure Dylan Butts and Victoria Yeo deliver sharp insights on this tech surge.
Alibaba shares jump 9% in U.S. premarket after CEO unveils plans to boost AI spending

Alibaba plans to increase spending on AI models and infrastructure development even further, Chief Executive Officer Eddie Wu said Wednesday.

CNBC