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Alibaba Group shares rose about 3% Tuesday after the company unveiled plans for a next-generation AI model and introduced a new in-house processor, with model size cited at 5 trillion to 10 trillion parameters.
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.