Alibaba announced a significant operational milestone in its proprietary hardware strategy, successfully producing 100,000 units of its internal AI chip.
- This production push is designed to rapidly scale the company's AI infrastructure, placing it ahead of local rivals like Cambricon.
- The initiative further intensifies China's role in the global AI arms race.
- The stock closed lower on January 30, declining 2.69% to $169.56, influenced by broad market volatility.