Alibaba's shares jump after it lands a major customer for its AI chips
Alibaba shares rose on Wednesday after Chinese state media reported that the e-commerce giant secured a major customer for its artificial intelligence chips. China Unicom will deploy Alibaba's AI accelerators from its semiconductor unit called Pingtouge or T-Head, according to a report from China state broadcaster CCTV. Alibaba does not sell chips directly, but companies can effectively use the computing power based on those semiconductors by buying Alibaba cloud services. A person familiar wi