Alibaba Stock Slips While 20-Gigawatt AI Plan Raises Stakes

Alibaba Group NYSE:BABA, the Chinese commerce and cloud company, outlined plans for a much larger AI model, a new accelerator and a vast expansion of cloud capacity. Its U.S. shares slipped about 0.6% to $109.97 at 11.08am ET time on Friday. The ambition is clear: Alibaba wants to supply more of th…