The Chinese e-commerce giant is betting on AI, investing billions of dollars.
The Chinese company Alibaba Group Holding Limited announced the development of the largest language model based on artificial intelligence, Qwen3-Max.
This model contains over a trillion variable parameters that individually determine how the acquired information is processed. This solution is of paramount importance for cloud services.
Global investment in artificial intelligence will reach $4 trillion over the next five years. Alibaba will soon expand the plan it unveiled in February. At that time, we planned to spend $53.4 billion on developing AI models and infrastructure, said Alibaba CEO Eddie Wu.
Alibaba said that entire teams are working on new processors, network technologies, and data storage solutions.
The new project is the AI-based multimodal Qwen3-Omni system, useful in virtual and artificial intelligence applications such as smart glasses or cabins.
Alibaba shares rose 7.8% to a four-year high during trading on the Hong Kong Stock Exchange . The company is also listed on the NYSE in New York. Shares are up 9.87% in pre-market trading to $179.20.
Journalist, graduate of political science at the Faculty of Law and Administration of the Jagiellonian University. Associated with the media for over 40 years. After graduating in 1982, he worked on the editorial staff of "Gazeta Krakowska" and "Kurier Polski." A member of the editorial team of "Przegląd Techniczny." He has published articles in "Student," "Przekrój," and "Życie Literackie." Since the economic and political transformation, he has been associated with Reuters as a correspondent in Krakow for over 20 years. For the next three years, he conducted practical classes with students at the Institute of Journalism, Media, and Social Communication of the Jagiellonian University. Since December 2021, he has joined the PTWP Group and works for the WNP.PL portal. His main professional interests include economics and politics at the global level and the participation of Polish business in this field, particularly companies listed on the Warsaw Stock Exchange. Winner of the "Ostra Pióra" award, granted for "spreading economic education" by the BCC, as well as the Golden Pear - a journalistic award of the Małopolska Branch of the Association of Journalists of the Republic of Poland.
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