Alibaba

Investors and analysts are debating whether Alibaba's heavy spending on artificial intelligence infrastructure and development can pay off. The discussion centers on whether the Chinese e-commerce giant's capital expenditure on AI will deliver sustainable returns or strain profitability, as competition in China's AI sector intensifies and the company works to reassure markets about its long-term strategy.

Alibaba has launched Qwen Intelligence as a full-stack agentic AI platform designed for smartphones. The move positions Alibaba's Qwen models to power on-device AI agents capable of handling tasks across apps, intensifying competition in the mobile AI space with rivals like Apple, Google and Samsung.