Alibaba Group Holding Ltd. established a joint venture with China National Nuclear Power Co. The venture is valued at 250 million yuan ($35.9 million). The partnership secures the immense power required to run Alibaba's artificial intelligence data centers.
The collaboration ensures a stable and potentially clean energy supply for expanding AI operations. This initiative aligns with a global trend where major technology companies, including Microsoft and Meta, utilize nuclear energy to meet data center power demands.
Alibaba previously committed over $53 billion to AI development and research. A significant portion of this funding is allocated to data center construction. The venture underscores the growing concern among tech giants over future energy availability and cost.