Description: Chinese e – commerce tech giant Alibaba has announced their intention to invest up to $53 billion in future AI and cloud development projects. The company has introduced a larger investment portfolio as its CEO Eddie Wu announced aggressive investments in the AI sector. The announcement comes after last week’s meeting between Chinese President Xi Jinping and tech giant owners in Beijing where enlarged cooperation between the Chinese government and its prominent companies was suggested. Alibaba would aim at countering tech giants such as OpenAI, Google and Apple as the China – US trade war unravels. ByteDance has also reportedly increased and established cooperation with DeepSeek in consumer sharing information.
Impact: The loosening in business regulations as indicated by Chinese President Xi Jinping would enable Chinese – based companies to continuously develop the Chinese tech market and disrupt global market flows. Last week’s meeting between Xi Jinping and tech giant owners emphasized the enhanced level of cooperation between China’s business and government sectors as the country would aim at reasserting dominance on the AI – development market and countering US based companies. American companies are also expected to considerably invest in the ever-revolving AI market as the trade war between China and the US reaches new levels.