(Bloomberg) -- Alibaba Group Holding Ltd. is rolling out what it calls China's most powerful AI chip, an accelerator to compete with Nvidia Corp. and underpin a massive expansion of data center capacity in coming years.
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The ecommerce company turned AI-aspirant on Tuesday outlined a new Zhenwu V900 accelerator that it says triples the performance of its predecessor. From Alibaba's T-Head chip division, it can be combined in clusters of up to 500,000 units to power frontier-model training, Chief Executive Officer Eddie Wu said.
Alibaba is among the biggest spenders on AI among leading Chinese players. It's committed to spending more than $53 billion over a three-year period to expand its AI capabilities, and raised about $10.2 billion from a follow-on share offering in Hong Kong in August. On Tuesday, Wu set a target of 20 gigawatts of data center capacity for its Alibaba Cloud service by 2032, on the expectation of "exponentially rising demand for AI."
Wu spoke as global AI stocks rallied on early signs of success for Meta Platforms Inc.'s new personal agent, reviving investor optimism after recent market uncertainty.
Alibaba has pledged to intensify its exp...