Alibaba CEO reveals $53 billion AI bet - here's why your portfolio should care
Key Points
- Alibaba is investing $53 billion in AI, with their new Qwen3...
While most of us struggle to decide between Netflix or Amazon Prime, Alibaba just casually announced they're dropping $53 billion on artificial intelligence. The e-commerce giant's stock jumped 7.98% on Robinhood and 7.59% in Hong Kong after CEO Eddie Wu basically said "hold my tea" to the entire tech industry.
When Your AI Model Goes on a Diet
The real showstopper here is Alibaba's new Qwen3-Max model, which sounds like a robot name but performs like a financial miracle. This thing is 13 times smaller than their previous model while running 10 times faster. It's like finding out your ne...
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