In TrendsStock MarketNifty OutlookCrude Oil PricesGold and SilverNPS SwasthyaMoneyview IPODow JonesAlibaba unveils AI chip to drive global data centre buildoutAlibaba launched Zhenwu V900, a new AI chip to rival Nvidia, tripling its predecessor's performance. It plans to expand data center capacity to 20 gigawatts by 2032.By Bloomberg September 22, 2026, 8:44:58 AM IST (Published)Alibaba Group Holding Ltd. is rolling out what it calls China’s most powerful AI chip, an accelerator to compete with Nvidia Corp. and underpin a massive expansion of data centre capacity in coming years.The ecommerce company turned AI-aspirant on Tuesday outlined a new Zhenwu V900 accelerator that it says triples the performance of its predecessor. From Alibaba’s T-Head division, it can be combined in clusters of up to 500,000 units to power frontier-model training, Chief Executive Officer Eddie Wu said.Alibaba is one of the biggest AI spenders among leading Chinese players. It’s committed to spending more than $53 billion over three years to expand its AI capabilities, and raised about $10.2 billion from a follow-on share offering in Hong Kong in August. On Tuesday, Wu set a target of 20 gigawatts of data centre capacity for its Alibaba Cloud service globally by 2032, on the expectation of…
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