Alibaba plans to use Nvidia’s AI tools to build robots, self-driving cars

Alibaba Group Holdings ￰0￱ announced plans to integrate Nvidia Corp.’s suite of physical AI tools into its cloud software ￰1￱ move will allow Alibaba’s Hangzhou-based cloud intelligence division to offer clients the ability to develop AI for practical applications, including humanoid robots and self-driving ￰2￱ partnership brings together the expertise of two major AI players, combining Nvidia’s US-based chip technology with Alibaba’s cloud computing capabilities in ￰3￱ Wu hints at Alibaba’s commitment to increasing its future investment in AI During its recent annual Apsara developer conference in Hangzhou, Alibaba mentioned that its AI Platform will comprise the entire Nvidia Physical AI software ￰4￱ integration is intended to upgrade the tech giant’s services to ￰5￱ announcement came just after Eddie Wu, the CEO of Alibaba Group, announced his intentions to increase Alibaba’s AI infrastructure investment ￰6￱ CEO’s decision was triggered by the surge in the company’s stocks, recording the highest level ever in nearly four ￰7￱ said he will increase the investment to surpass the earlier target of 380 billion yuan ($53 billion).

Interestingly, the key factor behind the company’s shares hitting the highest point in nearly four years was its commitment to significant investments in ￰8￱ signaled a growing trend among tech companies showing dedication to making substantial spending in the era of technological ￰9￱ this commitment, Wu speculated that in the next five years, tech companies would have contributed around $4 trillion in investment in AI worldwide. Therefore, the CEO asserted that Alibaba must stay ￰10￱ Alibaba’s cloud division , Wu hinted at its plan to extend its operation with its first new data centers in Brazil, France, and the Netherlands in 2026. Notably, this division already offers services from the US to ￰11￱ CEO shared these predictions while highlighting plans to launch Qwen models and integrate full-stack AI technology in their ￰12￱ demonstrates the tech giant’s heightened desire to develop improved services and crucial infrastructure, such as chips, to support the tech ￰13￱ its tech-focused determination, the company’s shares soared roughly 7.8% in Hong ￰14￱ boosted Chinese chipmakers, ACM Research (Shanghai) Inc., and NAURA Technology Group Co.’s shares by 15% and 10% ￰15￱ companies focus on advancing technology in the AI boom era The rise in Alibaba’s shares in Hong Kong, along with gains in Chinese chipmakers, shows the positive response from investors to the company’s AI ￰16￱ this rapid growth and investment in AI, some skeptics have concerns about the likelihood of a bubble ￰17￱ with this, the markets still view these spending plans as a sign of increased business confidence in ￰18￱ commented on the topic during a developer conference in ￰19￱ on his argument, the tech industry has grown faster than expected, with the demand for AI infrastructure surging beyond ￰20￱ this scenario, the CEO pointed out, “We are moving forward with our investment of 380 billion in AI infrastructure and plan to invest even more.” Apart from Alibaba, other leading Chinese tech companies, from Huawei Technologies ￰21￱ Tencent Holdings Ltd., have also demonstrated their commitment to significant investments in AI like never ￰22￱ achieve this, tech companies have begun collaborating with US tech giants and making huge investments in developing and promoting a technology that can influence global power ￰23￱ tech giants include OpenAI and Meta Platforms ￰24￱ you're reading this, you’re already ￰25￱ there with our newsletter .