Alibaba has announced an aggressive investment in artificial intelligence over the next three years. Following the announcement, the company’s shares surged by 14.6 percent. The Chinese e-commerce giant Alibaba has stepped up its game in artificial intelligence. Eddie Wu, the company’s Executive Chairman, revealed that the technology group will invest more in cloud and artificial intelligence infrastructure over the next three years than it has spent in the past decade. Wu did not provide specific financial details of the investment. The company’s spending in 2024 had increased from 24 billion yuan to 72.5 billion yuan (approximately 10 billion dollars). This increase was largely attributed to investments in artificial intelligence language model training, processors, and infrastructure. After the news, Alibaba’s shares witnessed a 14.6 percent rise. The increase in the company’s shares since the beginning of the year has reached 70 percent. JACK MA BACK ON THE SCENE! In addition, Alibaba has strengthened with the return of its co-founder, Jack Ma. Ma participated in a meeting with Chinese leader Xi Jinping earlier this week. In 2020, Jack Ma had become a key figure in the government’s pressure on the technology sector. Criticizing banks and regulators, Ma had disappeared from the public eye for a long time. During this period, Chinese regulators had canceled Ant Group’s $37 billion IPO and imposed a record fine on Alibaba.