BABA

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.

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.