Alibaba
AI Sentiment Analysis: +5
Alibaba’s AI Pivot: HappyHorse Ranks Top as Zhenwu Chips Power New Data Center
- Alibaba confirms ownership of HappyHorse-1.0, which now tops global AI video rankings following OpenAI's Sora discontinuation.
- The company launched a Shaoguan data center utilizing 10,000 proprietary Zhenwu chips to mitigate US export restrictions on advanced semiconductors.
- Alibaba led a $293 million Series B investment in ShengShu Technology to accelerate development of embodied world models for robotics and simulation.
- The Qwen family of open-source models captured over 50% of global downloads as of March 2026, surpassing Meta’s Llama series significantly.
- CEO Eddie Wu established a new AI Technology Committee to centralize strategy and shift focus from open-source development toward revenue-generating proprietary systems.
- Recent stock volatility reflects investor concerns over capital expenditure intensity despite positive sentiment surrounding new AI infrastructure deployments.
- Updated: Apr 10, 2026, 10:08 AM PDT