Alibaba unveils Zhenwu V900 AI chip, targets 20GW data center capacity by 2032

Alibaba shares rose about 3% in Hong Kong after the company revealed its next-generation Zhenwu V900 AI chip, claiming triple the performance of its predecessor released in May. At its Apsara Conference in Hangzhou, Alibaba also outlined plans to grow its cloud unit's global data center capacity beyond 20 gigawatts by 2032 and confirmed its Qwen 4 model is currently in training.