Derived from The Tokenist, Alibaba Group (BABA) announced plans to increase its AI spending beyond the previously stated $53 billion and unveiled its new Qwen3-Max language model with over 1 trillion parameters. The company also revealed plans to expand its cloud data centers to Brazil, France, and the Netherlands, among other countries. CEO Eddie Wu emphasized Alibaba's ambition to become a leading full-stack AI service provider.
Alibaba Announces Expanded AI Investment and Launches Qwen3-Max Model
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