Alibaba Shares Surge Amid Ambitious AI Transformation and Bold Innovations

Recent reports reveal that Alibaba is intensifying its push towards a comprehensive "AI transformation" of its existing businesses. Under the leadership of CEO Wu Yongming, the company is set to evaluate the performance of all its departments by 2025 based on how effectively they integrate AI technology to drive growth. Key e-commerce platforms like Taobao and Tmall are encouraged to adopt more AI technologies, working closely with engineers from Tongyi Qianwen to enhance efficiency and user experience.

Alibaba is not just focusing on integrating AI into its current services; it is also developing a range of AI-native applications, with some expected to launch this year. Sources within the company are optimistic about the emergence of their next breakthrough AI application, which could potentially rival the popularity of TikTok.

Over recent months, Alibaba has demonstrated significant ambition in expanding its AI capabilities. In a recent earnings call, Wu Yongming emphasized Alibaba’s commitment to focusing on e-commerce, AI and cloud computing technology, and internet platform products over the next three years. Part of this initiative includes a monumental investment of over 380 billion CNY into cloud and AI hardware infrastructure.

In a move reflecting its hands-on approach, Alibaba recently introduced a new inference model, Tongyi Qianwen QwQ-32B, and launched an AI-powered flagship application called Quark, which moves beyond traditional search functionalities to meet diverse AI demands of users. Furthermore, Alibaba Cloud announced the "T Project," focusing on cutting-edge AI technologies such as Large Language Models and multimodal AI, aimed at accelerating development and implementation.

These strategic investments and developments highlight Alibaba's determination to assert itself in the global AI expansion. The company's comprehensive approach underscores its objective to be at the forefront of AI innovation, testing the boundaries of technology to secure its position in the sector's growth trajectory.