Changes in Hong Kong stocks | Alibaba-W (09988) rose more than 4% and will fully invest in AI infrastructure construction to release next-generation AI chip Zhenwu V900

The Zhitong Finance App learned that Alibaba-W (09988) rose by more than 4%. As of press release, it had risen 3.82% to HK$116.9, with a turnover of HK$6.825 billion.

According to the news, on September 22, Alibaba CEO Wu Yongming said at the Yunqi conference that current customer demand for AI is very strong and will fully invest in AI infrastructure construction. The goal is to exceed 20GW of global data centers operated by Alibaba Cloud by 2032. On the same day, Pingtou released the most powerful domestic AI chip, the Zhenwu V900, which increased the computing power to 3 times that of the Zhenwu M890. According to reports, the annual shipment volume of Pingtouge AI chips will increase dramatically. Also, according to the Financial Federation, Alibaba plans to train an artificial intelligence model with 5 trillion to 10 trillion parameters.