Alibaba plans to boost AI infrastructure investment to 480 billion yuan

Alibaba is aiming to raise its AI infrastructure investment from 380 billion yuan to 480 billion yuan over the next three years.

The company is developing its own chip, the Zhenwu 810E, to strengthen its AI capabilities.

Alibaba is also acquiring significant GPU resources, including RTX 4090 graphics cards, to enhance its computing power.

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