Alibaba CEO Eddie Wu Meets Chongqing Secretary Yuan Jiajun to Boost AI Collaborations
Alibaba's Strategic AI Collaborations with Chongqing
Alibaba Group Holding CEO Eddie Wu Yongming met with Chongqing party secretary and Politburo member Yuan Jiajun on Tuesday to discuss potential collaborations in artificial intelligence (AI). The meeting highlighted new opportunities as both parties aim for landmark results in AI model applications and infrastructure development.
Investment in AI and Cloud Computing
Alibaba recently announced an ambitious plan to invest US$52 billion in cloud computing and AI infrastructure over the next three years. This investment is poised to be the largest-ever computing project financed by a single private entity in China. It surpasses the company's total AI infrastructure expenditure over the last decade.
- The investment is approximately half of the initial US$100 billion earmarked for the United States' Stargate Project.
- Yuan emphasized Chongqing's potential in AI and expressed gratitude for Alibaba's contributions to building a digital Chongqing.
Future Developments in AI Models
Alibaba is a leader in AI models, notably with its Qwen large language model series. The company plans to unveil the new QwQ-Max reasoning model, which aims to compete with OpenAI's offerings. Following the success of DeepSeek, local governments across China are eager to implement AI models in their operations, showcasing a growing trend.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.