Alibaba shares rise 3% after unveiling Zhenwu V900 AI chip and data center plans
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Alibaba shares jumped about 3% in Hong Kong on Tuesday after it unveiled the Zhenwu V900 AI chip at its Apsara Conference in Hangzhou, claiming triple the performance of May's M890, and pledged to expand Alibaba Cloud's global data center capacity to more than 20 gigawatts by 2032. Mass production of the V900 is scheduled for the first quarter of 2027.
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