Alibaba Unveils Zhenwu V900 AI Chip in Hangzhou
At the Apsara Conference in Hangzhou, Alibaba showed a chip it rates at three times the previous generation and pledged over 20 gigawatts by 2032.
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BUSINESS
Alibaba's Accio undercuts Anthropic on price
Accio has 60,000 paying customers and $60 million in annual revenue, Alibaba.com says — but the price comparison with Anthropic stays vague.
BUSINESS
MiniMax lifts Alibaba cloud ceiling to US$1.2 billion
The Chinese AI developer raised its three-year Alibaba cloud purchase cap by 220 percent, a signal of how fast training bills are climbing.
MODELS
Qwen3.8-Flash-Next: 125 billion parameters, 6 active
Apache 2.0 weights, a 262,144-token context and $0.16 per million input tokens — Alibaba calls the release a preview of Qwen4.
Companies
Thomson Reuters builds its own AI model for $40 million
The information giant launches "Thomson", its own Qwen-based language model — instead of continuing to rent from OpenAI or Anthropic.
Models
Alibaba's Wan3.0 turns text, images and files into 30s videos
Alibaba's new video model doubles clip length, accepts PDFs and slide decks as input — and starts at $1.50 per clip.
Robotics
XPeng carves out robotics: $900 million for IRON humanoid push
The new unit Dogotix is valued at over $6.3 billion. Tencent and Alibaba are investing, and IRON mass production is set to start by the end of 2026.
Markets
Alibaba raises 10.2 billion dollars — the largest placement in Hong Kong's market history
The entire net proceeds are earmarked for chips, data centres and models. In the most recent quarter, those very outlays cut profit by 75 percent.
MODELS
Alibaba opens Qwen 3.8-27B: open weights under Apache 2.0
Alibaba's Qwen team releases Qwen 3.8-27B with open weights under Apache 2.0 – a multimodal model that runs locally on high-end laptops.
Open Source
Alibaba's Qwen passes 3 billion downloads — a record
Per Hugging Face's report, Qwen was downloaded over 3 billion times in six months — more than Google's and Meta's open models combined.
Big Tech
Apple Builds Its Own AI Model for China With Alibaba
Apple has trained a proprietary language model for China with Alibaba's support – Apple Intelligence is expected to launch there in the coming months.