Alibaba
AI Sentiment Analysis: +4
Alibaba Unveils Top-Ranked AI Video Model And Expands Domestic Chip Cluster
- Alibaba confirmed ownership of HappyHorse-1.0, which recently topped global text-to-video leaderboards.
- The company launched a 10,000-card Zhenwu chip cluster in Shaoguan to ensure domestic AI infrastructure self-sufficiency.
- CEO Eddie Wu established a new technology committee to centralize AI strategy and accelerate commercialization efforts.
- Alibaba Cloud led a $293 million investment round in ShengShu Technology to develop general world models for robotics and video generation.
- The firm is shifting away from open-source development toward proprietary, revenue-generating AI models like Qwen3.6-Plus.
- Recent stock volatility reflects investor concerns over export restrictions despite strong long-term valuation arguments.
- Updated: Apr 11, 2026, 6:35 PM PDT