Alibaba Stock Surges as CEO Eddie Wu Predicts AI Superintelligence
Alibaba's stock has skyrocketed this year, adding $250 billion to its value, thanks in part to CEO Eddie Wu's bullish speech on artificial intelligence. The company is now China's hottest AI player, with Wu predicting large AI models will replace traditional operating systems.
Wu, in his keynote address at the Alibaba Cloud conference, outlined a roadmap to artificial superintelligence (ASI). He believes ASI, which can self-iterate and evolve continuously, is inevitable and will drive exponential technological leaps, from curing diseases to interstellar travel.
Alibaba is the first major Chinese tech company to explicitly mention AGI and ASI. The company's stock reached historic levels following Wu's speech, reflecting investor confidence in its AI ambitions. Alibaba has also announced a new series of Qwen models, including one that combines text, images, video, and audio capabilities.
Observers note that while the U.S. focuses on achieving artificial general intelligence (AGI) and ASI, China is more focused on real-world AI applications. Leading the charge in China is Yang Zhilin, head of DeepSeek and co-founder of Moonshot AI. Both startups aim to develop foundational models for AGI, with milestones including scalable general architecture and continuous self-improvement.
Alibaba's stock surge reflects growing optimism in the company's AI prospects. With Wu's bold predictions and the unveiling of new Qwen models, Alibaba is positioning itself as a leader in the AI race, with potential implications for both technological advancement and global competition.
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