Alibaba shares jump after unveiling AI accelerator
U.S.-listed Alibaba shares rose more than 2% late Monday after the company unveiled a new AI accelerator it says is China’s most powerful AI chip yet, stepping up competition with Nvidia as Beijing builds a domestic alternative to U.S. chips.
-listed shares of Alibaba Group Holding rose more than 2% in overnight trading late Monday after the company unveiled a new AI accelerator it says is China’s most powerful AI chip yet. S. technology.