Politics
Jack Ma, Xi Jinping and Betalibaba's return of $ 53 billion signals a new era for great Chinese technology
Alibaba Group Holding (Nyse: Baba) makes waves in the AI space with its new model of artificial intelligence, QWQ-32B. Developed by its AI, Qwen unit, this model has 32 billion parameters and requires performance comparable to the Deepseek R1 model which has 671 billion parameters. This complies with the wider efforts of China to support the main industries such as IAHumanoid robots and 6g.
After the announcement of the QWQ-32B, the actions of Hong Kong of Alibaba jumped 8% And this year has increased by almost 70%. As of March 9, the market capitalization of the company represents around $ 345 billion, according to Marketcap companies. Alibaba's strategy is gaining ground.
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According to QwenAlthough QWQ-32B has fewer parameters than DEEPSEEK R1, he excels in mathematical reasoning, coding and problem solving. This means that operational cost savings and that Alibaba is more competitive in the AI race. According to Alibaba cloudThe company also works with technological companies to put AI in consumer devices so that its progress can reach a wider audience.
Alibaba's main leaders have met Chinese government officials, including a meeting between the president Xi Jinping And Jack is in it, Co-founder of Alibaba. This level of engagement means a strong government support for the Chinese technological sector and on its return.
Beijing’s support is a great reason for Alibaba’s aggressive investment in AI. The Alibaba group has announced A plan to invest $ 53 billion for cloud computing and AI infrastructure. CEO Eddie Wu Called an opportunity “once in generation” which can reproduce intellectual and physical work in the world.
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Financially, Alibaba Cloud reflects this IA-First approach with growth in revenues of 11% on the other and income from products related to the upper-trip for the sixth consecutive quarter.
Alibaba is not the only one to go on AI. According to Digital tentsAmazon Web Services plans to spend about $ 100 billion next year, mainly on AI initiatives while Microsoft (Nasdaq: MSFT) should spend about $ 80 billion With a big piece on the development of AI. But the experts are concerned.
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